PHOENIX REAL ESTATE SALES STATISTICS

Statistics as of April 3, 2009–Good News

Positive trends continue to improve as the dynamic change in our market is still steady.

Single family detached home availability dropped 4% to 35,394.  Closing experience a strong upward trend in the last month at 7,461 to decrease overall supply to 4-3/4 months.  January, 2006 was the last time we were below a 5 month supply.  

A 10% increase was seen in pending sales in one week, as they continued to climb to 13,859!

The best marketing in the Valley at the present time are Phoenix and the West Valley, now at 3 ¾ months each. Close behind is the SE Valley at 4 ¼ months. These are definitely sellers markets!

A 50% increase in the number of pending sales over the last 6 weeks is a positive sign for Scottsdale. Under $ 1M market rose from 351 to 527, and we should begin to see an increase in closings soon.

Over $1M is at just over 3 years supply for Scottsdale!  PV is at 7 years. Pendings have increased and the slow closing rate should improve for PV over the next 90 days.

Our market is continuing to experience rapid improvement.  Media coverage should lean more toward the positive side soon.  A headline on the front page of the Arizona Republic last Saturday was positive for a change!

MLS Statistics
Area Breakdown

Overall Market Since last week, inventories down 4%. Active listings totaled 35,394 with 7,461 closings over the last month. This is approximately a 4-¾ month supply.

In Phoenix over the last week, inventories down 5%. Active listings totaled 7,880 with 2,140 closings over the last month. This is approximately a 3-¾ month supply.

In the west valley  last week, inventories down 6%.  Active listings totaled 8,482 with 2,218 closings over the last month.  This is approximately a 3-¾ month supply.

In the NE valley last week, inventories down 2%. Active listings totaled 5,510 with 354 closings over the last month. This is approximately a 15-½ month supply.

In the SE valley last week, inventories down 3%. Active listings totaled 8,048 with 1,848 closings over the last month. This is approximately a 4-¼ month supply.

In Scottsdale last week, inventories down 2%.  Active listings totaled 1,423 with 36 closings over the last month. This is approximately a 39-½ month supply.

Scottsdale under $1m last week, inventories down 2%.  Active listings totaled 2,419 with 225 closings over the last month. This is approximately a 10-¾ month supply.

Paradise Valley last week, inventories down 1%.  Active listings totaled 574 with 6 closings over the last month. This is approximately a 96 month supply.