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June/July 2013 Market Trends and Data

By
Real Estate Agent with Keller Williams Realty Phoenix

Active Listing

15,910 vs 13081 this time last year    2.0 month supply

Equity Sales are at 90.9%(14,456)  

Short Sales 3.8% (611) 

REO 4.8% (768)   HUD .05 (75)

 

UBC/Pending

12,925 Down 5,500 units from this time last year

Eqity 59.2% (7651)

Short Sales 31.7% 4101

REO 5.3% (527) HUD 2.4% (194)

 

Closed in June 2013

8,134 (vs 8,548 in June 2013 and 10,940 in June 2011)

Equity Sales 79.1% (6435)

Short Sales 12% (978)

REO 6.5% (527) HUD 2.4% (194)

Blended Active / UCB / Pending

28,835 units, Equity sales 76.7% (22,107), Short Sales 16.3% (4,712), REO 5% (1449), HUD 2% (567)

 

Supply

Homes under 150K are at a 1.3 month supply

Homes $150,001  to 300K are at a 1.6 month supply

Homes $300,001 to 450K are at 2.3 month supply

Homes $450,001 to 600K are at 3.4 month supply

Homes $600,001 to 750K are at 3.8 months supply

*** More data available on request***

 

Inventory is increasing as more home owners realize equity in their homes.  Buyers are still in a very competitive market but we have seen prices drop $1 a square foot in the last 30 days according to The Cromford Report.  This means more choices as inventory increases.  Sellers it's not to late to sell either.  Call, text or email me TODAY!!

John Pusa
Glendale, CA

Jennifer - Thank you for the very good information about June/July market trends and data.

Jul 12, 2013 09:40 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

The trends are all moving in the right direction, let's hope that it will continue.

Jul 18, 2013 06:02 AM