The dog days of summer are behind us and the Phoenix real estate market is really picking up. Here are August's numbers for the week ending 8/31/08:
Active Listings: 13,570
Homes Pending: 1,911
Homes sold in last 30 days: 1,300 (down 5% from July '08, up 32% from August '07)
Burn rate (Inventory on market/by homes sold last 30 days) = 10 months supply
Avg. Sale price (Solds): $207,572 (Down 5% from July '08, Down 33% from August '07)
Avg. price per sq. ft. (Solds): $119.19 (Down $7 per Sq. Ft. from June '08, Down 32% from August '07)
Avg. Days on Market (Solds): 112 (Same as July '08, Up 14 days, 14% from July '07)
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