Phoenix Metro & East Valley Market Update 1/23/08

We currently have 20.4 months worth of inventory in

Active Listings in MLS. 

(This is an increase over last week’s report of 17.4 months worth of inventory. This monthly inventory may seem high this week because the “Sold” date range includes the last two weeks of the year, which are traditionally very slow for closings) 

Arizona Regional MLS Inventory Data

(All dwelling types)

55,071

Active Listings Up 883 from last week

4,579

Pending Up 439 from last week

2,694

Sold in Past 30 Days Down 426 from last week

        Sold dates range is 12/23/2007 – 01/23/08
Total Listings as of 01/23/08
Information reliable but not guaranteed.




The Southeast Valley currently has 17.8 months worth of inventory

Active Listings in MLS.

(This is an increase over last week’s report of 14.6 months worth of inventory. This monthly inventory may seem high this week because the “Sold” date range includes the last two weeks of the year, which are traditionally very slow for closings) 

Southeast Valley* MLS Inventory Data

(All dwelling types)

19,530

Active Listings Up 696 from last week

1,832

Pending Up 197 from last week

1,096

Sold in Past 30 Days Down 317 from last week

        *Southeast Valley cities include Ahwatukee, Apache Junction, Chandler, Gilbert, Guadalupe, Mesa, Queen Creek, Scottsdale, Sun Lakes and Tempe

  Sold dates range is 12/23/2007 – 01/23/08
Total Listings as of 01/23/08
Information reliable but not guaranteed..