Maricopa County 1st Quarter Market Update 2012

First Quarter results are in for Maricopa County Real Estate and all data is indicating we are in a market recovery.  Inventory is down and prices are up.

First Quarter home for sale inventory has fallen 43.7% over first quarter 2011 and median sales prices have risen 12.6%.

Closed sales while down from first quarter last year are only reflecting the lack of inventory.

Our low inventory during first quarter (and it has not improved to date) show only a 2.5 months supply of homes for sale.  We’ve never run out of homes to sale…but we’re getting close!  Stay tuned!

Maricopa_Market_Activity

Historical_Median_sales_Price_Maricopa_County

Current as of April 14, 2012. All data from the Arizona Regional Multiple Listing Service, Inc. Powered by 10K Research and Marketing.

About Amy Jones Group

Amy Jones is the owner of Amy Jones Group Keller Williams Integrity First. The Amy Jones group has been recognized as the #1 Real Estate Team in Chandler by the Phoenix Business Journal and voted Best of Our Valley for 4 years.

The Amy Jones Group specializes in real estate in Chandler, Sun Lakes, Gilbert, Mesa, Tempe, Ahwatukee, and Phoenix.