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Homes for Sale in Maricopa Arizona - Housing Market Update 9APR13
After heading downward for a month, inventory of subdivision homes for sale in Maricopa Arizona remained stable last week. Pending sales increased to the level that we would normally expect during the seasonal buying season but have not experienced until now. As I stated previously in my last post, this would suggest that there is a "last minute" rush by seasonal buyers that may have been "on the fence" the last couple of months. It would appear that the decreased inventory, coupled with many sellers' willingness to accept less than list price, has been a motivating factor.
Because I expect a lot of volatility in the Maricopa AZ housing market over the short term (at least), I have added another indicator to assist me in my analysis. From now on, I will be tracking the number of new listings that enter the market each week. This will offer some insight as to where inventory levels (and therefore values) will head once our seasonal buyers/residents are gone for the summer season.
Although most of the indicators remained relatively stable over the past two weeks, here are this week's numbers along with a couple of my comments:
ACTIVE LISTINGS: 414, stable from 419 ... more

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