Good news as far as April results for the Phoenix area real estate market. Sales through ARMLS for April were 8580 homes a 78% increase over April of last year. What we are hearing from other real estate agents and finding ourselves is that buyers have come back into the market. Prices are really good...
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...
March sales of homes including condos and townhomes for the greater Phoenix area were up 78% over last year. This is for all homes listed and sold through the Arizona Regional Multiple Listing service. Number of months of inventory went from 14.1 in March 2008 to 6.8 in March 2009. There is still some...
Some good news! Months of inventory of homes (includes single family homes, town homes, and condos) in the Greater Phoenix area has dropped from 17.3 in February 2008 to 9.6 in February 2009. Chandler, Gilbert, Mesa, Phoenix, and Queen Creek all had significant decreases from the year before. Tempe has about the same number...
First the good news – total active listings, properties for sale, in ARMLS are lower than they have been in 20 months and the number of sold properties was 65% higher in January of 2009 than in January last year. Total January ARMLS inventory represents about 11.5 months of inventory. When a real estate...
