Arizona Regional MLS Statistics_August 5th

Arizona Home Group August 05, 2009 Certified Distressed Property Expert, Home Closings in Phoenix, Phoenix Inventory of Homes, Phoenix MLS, short sale No Comments

Well, the numbers are in and The Phoenix Real Estate Market stayed hot throughout July! Investors are still gobbling up inventory. There continues to be multiple bids on REO properties and even well priced Short Sales.
A shorter Day on Market time also reveals that Short Sales are getting closed quicker.  The banks are beginning to realize that they need to streamline their Short Sale and Loan Modification processes, in order to stem the tide of foreclosures.
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Trends are showing that perhaps we have indeed reached our bottom in Inventory, Months’ supply of Inventory, Closings, Average Sale Price, Day on Market, and … Continue Reading

The Phoenix Real Estate Market Stayed Hot Throughout June, But We May Have Stabilized in the Last Week

Arizona Home Group July 21, 2009 Certified Distressed Property Expert, Home Closings in Phoenix, Phoenix Inventory of Homes, Phoenix MLS, short sale No Comments

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MLS INVENTORY continued to drop all month and we got as low as 31,300 homes for sale in mid June.

However, as of today we have bounced back up to 32,014 units for sale in the MLS..

Again, 24 months ago, we were over 55,000 homes for sale.

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In early June we thought we were on track for the PHOENIX MLS to hit 10,000 Closings for the month of June.

As it turned out, we fell shy of that by 660, with a total of 9,340 Closings in June.  However, we still topped May’s activity.

To recap:

June had 9340 Closings

May had 9294 Closings

April had 8539 … Continue Reading