A Sign of the Market – Lots of Pending Sales

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I came across something interesting today.  I pulled up 12 MLS numbers that I had previously pulled up on April 7.  At that time they were all active.  Now, four of them are “active”, available for sale, one is expired, and the remaining seven have accepted contracts and are pending closing.  This is a good sign that the number of recorded sales in May of existing homes should be strong.

For those of you who are curious, these are all townhomes and condominiums in the Phoenix and Tempe area priced between $80,000 and $115,000.

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