MLS Stats for Greater Phoenix Valley Including Maricopa and Pinal County for Past 24 Months – An Inside Look!

Our MLS Stats for ENTIRE MLS (including Greater Phoenix Area of Maricopa and Pinal County for the past Two YEARS!!! I think it helps each of us get a better picture of the market. I’ve shared two graphs: One with the inventory decline during the past 24 months, and the other showing the “absorption” rate, or month’s supply of homes. The closer the number gets to six months, the closer we are to an “even” market. More months mean: a buyer’s market, and less mean: a seller’s market. I’m seeing an even market in most areas; however, there are still areas that lean one way or the other.

As you can clearly see, the median price is leveling out, AND the inventory is coming down at a quickening pace.

This entry was posted on 17. August 2009 at 17:28 and is filed under Real Estate, Real Estate Market, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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