Time-on-Market Analysis
Commentary
Average days-on-market is the average number of days houses that have been sold were listed. Typically in the Phoenix market this number has been between 60 and 70 days. The graph clearly shows this number began to fall in June 2004 as the market gained sales velocity, bottomed out about August 2005, and then has since climbed steadily. It has now shot right past the normal range to a current all time high of 80.2 days.Source: In-depth Analysis
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