Market snapshot for the Phoenix metro area over the past 30 days

Market Snapshot as of 5/31/2008 (from ARMLS)

Active listings in ARMLS                        53, 620 (54,244 last week)

Active with contingency                         1,431    (1,477 last week)

Pending sales                                       6,909    (7,446 last week)

Sales                                                    6,201    (since 4/30/2008)

Cancelled listings                                  5,229    (since 4/30/2008)

Expired listings                                     3,906    (since 4/30/2008)

Temporarily Off Market                          996       (since 4/30/2008)

Investory is staying constant but sales are getting stronger and pending sales are rising, all good signs for our market