Arizona Regional Multiple Listing Service Data (Updated Weekly)

May 4th, 2008 — Market Update

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’s inventory has continued to fall.  The Southeast Valley 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  12.1 months worth of inventory in
Active Listings in MLS.
(Down from 12.7 months last week.)
Arizona Regional MLS Inventory Data
(All dwelling types)

55,464

 Active Listings  

8,428

 Pending  

4,595

 Sold in Past 30 Days  
        Sold dates range is 3/30/2008-4/30/2008
Total Listings as of 4/30/2008
Information reliable but not guaranteed.
 




The Southeast Valley currently has 10.6 months worth of inventory
Active Listings in MLS.
(Down from 11.0 months last week.)


Southeast Valley* MLS Inventory Data
(All dwelling types)
 

19,443

 Active Listings  

3,317

 Pending  

1,839

 Sold in Past 30 Days  

 
        *Southeast Valley cities include Ahwatukee, Apache Junction, Chandler, Gilbert, Guadalupe, Mesa, Queen Creek, Scottsdale, Sun Lakes and Tempe
 

  Sold dates range is 3/30/2008-4/30/2008
Total Listings as of 4/30/2008
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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