Market Trend Report for Greater Phoenix Area
April 2014
Active: 26,788 vs 15,990 April ‘13 & Down 83 from last month; 4.0 MONTH SUPPLY
Equity 92.8% (24,780); Short Sales 3.6% (959); REO 3.4% (921); HUD 0.2% (45)
UCB/Pending: 11,543 up 400 units from last month, trend slows but still up.
Equity 77.3% (8,919); Short Sales 16.7% (1,931); REO 5.2% (600); HUD 0.8% (93)
Closed in March 2014: 6,743 (vs 8,112 in March ’13 & 8,881 in March ’12)
Equity 88.6% (5,973); Short Sales 4.3% (287); REO 6.6% (444); HUD 0.6% (39)
CASH 33.0% (2,226)
Market Insights:
- Active Inventory decreased for first time this year.
- Equity Listings dropped to a 4.1 Month Supply, SS to 3.3, REO to 2.1 & HUD up to 1.2
Price Active Sold Supply
>150K 5,841 (21.9%) 2,051 (33.5%) 2.8 Months
$150,001-$300K 10,234 (38.3%) 2,747 (44.8%) 3.7 Months
$300,001-$450K 4,731 (17.7%) 779 (12.7%) 6.1 Months
$450,001-$600K 2,108 (7.9%) 257 (4.2%) 8.2 Months
$600,001-$750K 1,024 (3.8%) 111 (1.8%) 9.2 Months
$750,001-$1 Mil 1,019 (3.8%) 82 (1.3%) 12.5 Months
$1 Mil-$1.5Mil 742 (2.8%) 56 (0.9%) 13.3 Months
$1.5 Mil-$2 Mil 393 (1.5%) 20 (0.3%) 20.2 Months
$2 Million + 615 (2.3%) 25 (0.4%) 24.6 Months
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