Buyers are buying…Sellers are smiling!

The media is quick to jump on the gloom and doom bandwagon regarding the current real estate market around the country.  Why aren’t they smiling-buyersreporting on what’s been happening in the Phoenix Metro area over the last few weeks?

The market reports are reflecting a recent steady improvement to our market (see chart below). 

Yes, Buyers are buying and sellers are smiling.  Let’s shout it from the rooftops…or at least from our nightly news?

This weekly report will indicate an improvement (indicated in Green) when our “Active Listings” Decrease & our “Pending” and “Sold” Listings Increase.
While the Phoenix Real Estate market is currently experiencing a high inventory of homes for sale resulting in a buyer’s market, our market seems to be making a positive trend.  With more buyer activity over the last few weeks, our market inventory has continued to fall.  The Southeast Valley is now carrying less than a year’s worth of inventory! 


We currently have  12.7 months worth of inventory in
Active Listings in MLS.
(A market improvement over last week.)
Arizona Regional MLS Inventory Data
(All dwelling types)

55,554

Active Listings Deacreased 1006 from last week!

6,850

Pending Decreased 201 from last week

4,360

Sold in Past 30 Days Increased 252 from last week
        Sold dates range is 3/2/2008-4/2/2008
Total Listings as of 4/2/2008
Information reliable but not guaranteed.

 






The Southeast Valley currently has 11.1 months worth of inventory
Active Listings in MLS.
(We have dropped below a year’s worth of inventory!  A market improvement over last week.)
Southeast Valley* MLS Inventory Data
(All dwelling types)

19,652

Active Listings Decreased 364 from last week

2,685

Pending Decreased 96 from last week

1,770

Sold in Past 30 Days Increased 145 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 3/2/2008-4/2/2008


Total Listings as of 4/2/2008
Information reliable but not guaranteed

For more Information visit Chandler Arizona Real Estate.  This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite. Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountain communities of Pinetop/Lakeside & Show Low.  Search the Arizona MLS.