Some good news in October, total ARMLS (Arizona Regional Multiple Listing Service) residential sales were up by 56% over the previous year with a total of 5,370 sales. Months of inventory was sitting at about 10.5 months compared to last October when it was over 17.5 months. Chandler and Gilbert have made the most progress in reducing inventory of active listings.
This data is supplied by the Arizona Regional Multiple Listing Service. ARMLS, West USA, and Pat & Amy Monahan do not guarantee the accuracy of the data.