August 2013 Real Estate Statistics for the
Arizona Regional Multiple Listing Service
August 2013 Real Estate Statistics – Monthly Sales for the August 2013 report (July numbers), almost a 15% rise year over year. Sales have leveled, month to month, which is typically expected, this time of year.
Total inventory is beginning to rise on a monthly basis, as shown here, with total active and active under contract homes.
As of today, the total number of single family homes for sale in the Phoenix metro area that are not under contract is 14,526. The total number of homes for sale in the Valley that are not under contract is 18,159.
Total months supply of homes for sale in Phoenix is still at an amazing low of 2.85, although it is beginning to creep up, as inventory rises.
As the average list price might suggest, we may start to see some leveling off of list prices as our inventory begins to rise.
We have had a very healthy run of sales price increases for some time now. Again, as inventory rises, we may start to see some leveling off of closed sales.
Pending foreclosures in Phoenix, continue their steady decline, as we make our way back into a more balanced, healthy market.
This is an overview of the health of the Phoenix, Arizona real estate market. Click here for the full report. If you would like to learn more about your own market area, such as the city or town that you live in (Chandler, Gilbert, Mesa, Queen Creek, etc…) or even the market statistics for your subdivsion, please let us know. Just click below and we will help you become more informed.