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Phoenix Real Estate Market Analysis

Phoenix Real Estate Market Analysis

Inventory levels continue to rise since the previous report and are currently at 26,097 SFD homes available for sale.

  • 10% increase in inventory over the last 2 months but closing rates have stayed fairly steady
  • The closing rate of 7984 closes in the previous month leaves us with a 3 1/4 month supply of homes

The comparison of current active listing change is based on the previous reports' inventory. Supply numbers are based on the number of closings in the previous month, divided in to the total number of active listings. This data is for Single Family Detached homes only and does not include patio homes, condos, or town homes.

Phoenix Real Estate Market Analysis  Phoenix Real Estate Market Analysis


Overall Market

  • Inventories are up 3% from the last report
  • Total of 26097 active listings with 7984 closings in the last month
  • About a 3 1/4 month supply


Phoenix

  • Inventories are up 1% from the last report
  • Total of 5171 active listings with 1987 closings in the last month
  • About a 2 1/2 month supply


West Valley

  • Inventories are up 6% from the last report
  • Total of 5950 active listings with 2289 closings in the last month
  • About a 2 1/2 month supply

NE Valley

  • Inventories are unchanged from the last report
  • Total of 4202 active listings with 528 closings in the last month
  • About an 8 month supply


SE Valley

  • Inventories are up 3% from the last report
  • Total of 5903 active listings with 2171 closings in the last month
  • About a 2 3/4 month supply.


Scottsdale over $1m

  • Inventories are down 2% from the last report
  • Total of 993 active listings with 39 closings in the last month
  • About a 25 1/2 month supply


Scottsdale under $1m

  • Inventories are up 1% from the last report
  • Total of 1890 active listings with 358 closes in the last month
  • About a 5 1/4 month supply


Paradise Valley

  • Inventories are unchanged from the last report
  • Total of 452 active listings with 29 closes in the last month
  • About a 15 1/2 month supply


Phoenix is searched as a single entity.
West Valley is Surprise, Peoria, Sun City, Glendale, El Mirage, Youngtown, Litchfield Park, Avondale, Goodyear, Buckeye, and Tolleson.
NE Valley is Scottsdale, Paradise Valley, Fountain Hills, Cave Creek, and Carefree.
SE Valley is Tempe, Mesa, Gilbert, Apache Junction, Queen Creek, and Chandler.

source: Karl Stauffer

  Phoenix Real Estate Market Analysis

Comments (4)

Bill Risser
Fidelity National Title - Saint Petersburg, FL
Fidelity National Title - Tampa District

Hanna and Megan - I like the statistics!  Mixing these in with your other blogging efforts will be very successful...

Nov 25, 2009 01:17 AM
John Occhi
AZ Veteran Notary Services - Marana, AZ
Mobile Notary Public/Certified Loan Signing Agent

Great graphics - love the dials...I have not seen those before.  Did you create them or are they from a service?  Please reply by email, if you would.

Nov 25, 2009 08:20 AM
Megan Izdebska & Hanna Manoufar Chandler, Scottsdale Real Estate Agent
United Brokers Group - Chandler, AZ
Double Commitment. Double Results.

Thank you Bill. We are learning on AR a lot. All thanks to you and your training clasess.

Nov 25, 2009 08:45 AM
Paul Guenther - WFG Title
WFG NATIONAL TITLE INSURANCE COMPANY - Flagstaff, AZ
The Extra Mile Is Part Of My Regular Route!

Megan and Hanna,

Great information here! It is great to see students take flight and soar!  keep it up!

PG

Nov 28, 2009 11:49 PM