Loading ...Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Director Business & Career Development
Keller Williams Arizona Realty
(602) 908-7177
www.pacellagroup.com
The forecast for the Phoenix market is still optimistic. We are seeing the traditional swell of inventory that would be typical in January with inventory increasing, and pending sales decreasing, however; if you compare our current inventory with January of 2008 and/or 2009, our inventory is nearly half of what it had been, and our pending sales are nearly doubled.
Overall, pricing for foreclosed properties and equity sellers has been stabilizing, however, short sales are still seeing price erosion.
Notices of trustee sales have slowed considerably this month. If we continue on our current trend average for the month, this could be the slowest month for notice of trustee sale since April of 2008!
Current Conditions in the Phoenix Market:
* There are 27,320 single family detached properties actively on the market in MLS today. That is an increase of 712 listings.
* There are a total of 34,830 properties (including condos, patio homes, town homes and lofts) currently on the market.
Please contact us for additional information, or to receive a portal into MLS.
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