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)
Sold dates range is 7/2/2008-8/2/2008
Total Listings as of 8/2/2008
Information reliable but not guaranteed.
| 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 |
(All dwelling types)
*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.
| 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 |
Visit www.AmySellsAZ.com for complete weekly market updates on Phoenix East Valley Real Estate.
Amy 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.
