Phoenix MLS Inventory Stats for 8/2/08

This week: Our inventory has remained steady however buyer activity is down.  Of course it is…it’s 115 degrees!  Stay tuned~
 
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 and appears to be correcting ever so slowly.  With more buyer activity over the last three 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  9.1 months worth of inventory in
Active Listings in MLS.
(Down from 9.2 months last week.)
Arizona Regional MLS Inventory Data
(All dwelling types)
52,493 Active Listings Up 69 from last week
7,962 Pending Down 883 from last week
5,730 Sold in Past 30 Days Up 601 from last week
        Sold dates range is 7/2/2008-8/2/2008
Total Listings as of 8/2/2008
Information reliable but not guaranteed.
 
The Southeast Valley currently has 8.3 months worth of inventory
Active Listings in MLS.
(Same as last week)
Southeast Valley* MLS Inventory Data
(All dwelling types)
 
17,789 Active Listings Down 51 from from last week
2,965 Pending Down 344 from last week
2,152 Sold in Past 30 Days Down 1 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 7/2/2008-8/2/2008
Total Listings as of 8/2/2008
Information reliable but not guaranteed.

Visit www.AmySellsAZ.com for complete weekly market updates on Phoenix East Valley Real Estate.

Amy Jones RealtorAmy Jones of the Amy Jones Group 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/Lakeside & Show Low.