Phoenix's Road to Recovery: Here's the Market Status Report for June!

Real Estate Agent with REMAX Professionals BR508964000

According to the Cromford Associates, LLC, as of June 3, 2012 from Arizona Regional Multiple Listing Service (Maricopa County):

There were 20,195 Active Residential Listings- Same time last year we had 31,227

Of these Active Residential listings:

1,133 were Lender Owned- (5%) - same time last year:  4,693 (15%)

7,572 were Pre-Foreclosure/Short Sales (37%)- same time last year: 12,135 (38%)

10,082 were Normal Listings (50%) – same time last year 12,892 (41%)

There were 11,685 transactions pending- same time last year 13,485

road to recovery

“The Phoenix area added more than 40,000 new jobs between March of 2011 and the same month this year, ranking it among the biggest job gainers in the country.

New research from On Numbers shows Phoenix “ranked seventh among the 100 largest U.S. metros for total job growth by adding 40,300 jobs. Phoenix ranked 16th for its percentage job growth, at 2.35 percent between March 2011 and March of this year.”

Inventory of homes for sale in many price ranges remains EXTREMELY LOW!!  Homes are typically selling quickly and sometimes going for more than list price- If you are thinking of selling NOW is a great time! Call me TODAY for a market analysis of what your home might sell for in today’s hot market conditions!

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Shelby DiBiase

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