MLS Stats for Greater Phoenix Valley Including Maricopa and Pinal County for Past 24 Months – An Inside Look!
Posted By Teri Ellis On 17. August 2009 @ 17:28 In Real Estate, Real Estate Market, Blogroll | No Comments
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.
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As you can clearly see, the median price is leveling out, AND the inventory is coming down at a quickening pace.
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Article printed from Phoenix Valley Real Estate Blog: http://cometosunnyaz.com
URL to article: http://cometosunnyaz.com/2009/08/17/mls-stats-for-greater-phoenix-valley-including-maricopa-and-pinal-county-for-past-24-months-an-inside-look/
URLs in this post:
[1] Image: http://cometosunnyaz.com/__oneclick_uploads/2009/08/entirecountystatsjuly2009.pn
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[2] Image: http://cometosunnyaz.com/__oneclick_uploads/2009/08/entirecountyjuly2009mls.png
[3] Image: http://getclicky.com/125201
Click here to print.