Loading ...Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Director Business & Career Development
Keller Williams Arizona Realty
www.PacellaGroup.com
For the past year, we have seen consistently month over month that 93-94% of all properties selling in our market are listed under $400,000. That is still holding true.
As we know, the number of foreclosures listed has decreased, but the number of short sales have increased market share. The number of equity sellers has remained relatively unchanged over the past year.
The absorption rate (the number of listings pending sale versus the total active inventory) by city is:
Over all Valley wide 24.2%.
Chandler 21.8%
Fountain Hills 14.8%
Gilbert 27.4%
Glendale 28.7%
Peoria 24%
Scottsdale 14.8%
Surprise 27.2%
Tempe 20.4%
Current Conditions in the Phoenix Market:
* There are 27,497 single family detached homes actively on the market in MLS.
* There are 35,126 active listings in inventory, which includes patio homes, town homes, condos, and lofts.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Recent Comments