Chandler Arizona Real Estate Update

This weekly report will indicate an improvement (indicated in Green) when our “Active Listings” Decrease & our “Pending” and “Sold” Listings Increase.
WE’VE GOT GREEN ACROSS THE BOARD! 
While the Phoenix Real Estate market is currently experiencing a high inventory of homes for sale resulting in a buyer’s market, our market is definitely now on a positive trend.  With more buyer activity over the last couple months, our market’s inventory has continued to fall.  The entire Arizona Regional MLS is now carrying less than a year’s worth of inventory. We will be in a  balanced market when we reach approximately 6 months worth of inventory.


We currently have  10.7 months worth of inventory in
Active Listings in MLS.
(Down from 11.3 months last week.)
Arizona Regional MLS Inventory Data
(All dwelling types)

54,315

Active Listings Down 1113 from last week

8,901

Pending Up 397 from last week

5,060

Sold in Past 30 Days Up 133 from last week
        Sold dates range is 4/13/2008-5/13/2008
Total Listings as of 5/13/2008
Information reliable but not guaranteed.
 





The Southeast Valley currently has 9.4 months worth of inventory
Active Listings in MLS.
(Down from 9.7 months last week.)


Southeast Valley* MLS Inventory Data
(All dwelling types)
 

18,885

Active Listings Down 101 from last week

3,560

Pending Up 171 from last week

2.004

Sold in Past 30 Days Up 39 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 4/13/2008-5/13/2008
Total Listings as of 5/13/2008
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 Mountains communities of Pinetop/Lakes & Show Low. 

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