We promised to post the year-end housing information for 2012 and here it is! If you have additional Phoenix real estate market questions please call us at (480) 241-4406 and we'll be happy to help! All data below is from ARMLS.
New Listings Active Listings Sold Listings Months Inventory
Dec/2012 6,551 22,389 6,861 3.26
Jan/2012 10,099 23,780 6,414 3.71
Dec/2011 7,573 24,912 7,654 3.25
Jan/2011 12,575 43,072 6,522 6.60
As you can see, new listings dropped considerably at the end of the year but the months inventory remained relatively unchanged. However look at the difference from 2011-2012! In January of 2011 there were over 12,000 new listings and over 6 months supply of homes with active listings of over 43,000! That number has dropped in half, signaling a huge turnaround in the Phoenix housing market. 2013 promises to be another great real estate year for both buyers & sellers of Phoenix real estate!
No comments:
Post a Comment