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Phoenix Valley and Mesa, Arizona - MLS Stats for Maricopa County and Pinal County, Arizona!

By Mesa, Arizona Real Estate Mesa Arizona Realtor

Real Estate Broker/Owner with Homes Arizona Real Estate LLC

March 01, 2009 12:46 PM

I track how many active listings we have on a regular basis. Recently, I've noticed that our inventory has dropped BELOW the 50,000 active listings mark, and more homes are selling. SO, I decided to bring my readers up to date with two graphs. One for the Active, Sold and New Listings and Inventory as of March 1, 2009. That is shown in the first graph below:

Arizona MLS

The second graph is a history during the years of 2007 through March 1, 2009. Notice that at the end of January of this year, we had 11.66 months of inventory compared to 9.83 at the end of February. I checked out active inventory this morning, and we had 49,563 active listings. This shows 52,861... Close attention to these numbers should be paid by potential buyers - this market will not last forever. Once the months of inventory gets down to six or seven, we then are in a buyer-seller market. Right now, definitely a buyer's market.

I will continue to gather these tabulations and share them each month to better prepare my sellers and buyers on our current market. Today, my PENDING listings show 9,394, and SOLD during February, 2009 - 5,510.

Arizona MLS Inventory

Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog

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Missy Caulk

Missy Caulk TEAM - Ann Arbor, MI

Savvy Realtor - Ann Arbor Real Estate

Teri, I can't even imagine having to deal with that much inventory and homes for sale. Yikes that is a lot of neighborhoods.

Mar 01, 2009 12:55 PM

Mesa, Arizona Real Estate Mesa Arizona Realtor

Homes Arizona Real Estate LLC - Mesa, AZ

AzLadyInRed

Missy, it really is. I plan to narrow down about eight or so, and then just market them. From end to end, our valley is about 60 miles or so, so it's not all that bad. Since I grew up here, I know many of the older neighborhoods and most of the new - at least on the east side. ;-)

Mar 01, 2009 12:59 PM

Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Great work with your graphs Teri. Our inventory has been down...it is the one saving grace at the moment.

Mar 01, 2009 02:06 PM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Teri - I would be interested in seeing more local stats. The whole state? Too much to keep track of. What's going on in the communities you handle?

Jeff

Mar 01, 2009 02:24 PM

Raine Nordby

Colorado Springs, CO

Nice stats Teri, I'm working on creating my own tracking system too. It's a lot of work, so I know the time you must have spent.

It's a good life!

~Raine

Mar 01, 2009 02:47 PM

Dom Naidoo

Westside Properties - Venice, CA

Malibu to the Marina Real Estate

Teri,

Do you feel that the AZ market has seen the bottom? Here in Los Angeles on the Westside, things are very busy!! All the best.

Mar 01, 2009 03:12 PM

Bill, thanks...this covers two counties ... but I like the numbers going down a bit. Hopefully it keeps going. ;-)

Jeff, this isn't the entire state - only two counties. I can divide it into communities, cities, etc., but I cover pretty much both counties. I'll be putting smaller stats in for cities, etc. next. ;-)

Raine, though I'd like to take the credit, our MLS has this available...I'm just sharing..;-)

Dominic, I think we're pretty much there, and yes - we are busy...Glad to hear your area is busy as well. ;-)

Mar 01, 2009 03:52 PM

Leesa Finley

RED Properties - Wake Forest, NC

RED Properties - Raleigh NC Real Estate

teri - i was blown away with your inventory - that's incredible! you do a beautiful presentation with the statistics - easy to read and digest!

Mar 01, 2009 10:46 PM

Debbie Summers

Charles Rutenberg Realty - New Smyrna Beach, FL

Teri - Bravo! Love the layout of your post and the information is very easy to read...

Mar 02, 2009 12:52 AM

Teri Eckholm

Boardman Realty - White Bear Lake, MN

REALTOR Serving Mpls/St Paul North & East Metro

Teri--According to your graphs, inventory is finally down to near 2007 levels. That has to be a good thing for everyone!

Mar 02, 2009 08:37 AM

Marzena Melby

Coldwell Banker Burnet Realty - Richfield, MN

Realtor, Twin Cities Minnesota Real Estate

Teri, excellent work. Very good visual, especially for buyers. In the Twin Cities, we've also had a steady decline of listings and the list to buyer ratio - it really is great news for everyone.

Mar 02, 2009 01:44 PM

Leesa, we do have a lot, don't we? ;-)

Debbie, thank you. Our MLS offers these cool graphs...;-)

Teri, yes....going back down I hope...;-)

Marzena, thank you - sounds good across the country, huh? ;-)

Mar 02, 2009 03:38 PM

Phoenix Valley and Mesa, Arizona - MLS Stats for Maricopa County and Pinal County, Arizona!

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