PHOENIX SALES & MARKET TRENDS

It’s a Buyer’s Market and our market is moving in a very positive direction – the number of active listings are decreasing and the number of pendings and solds are increasing at a very healthy rate.   The data below was obtained from the Arizona Regional Multiple Listing Service. 

3.15.2009     48,907 – active listings;     12,379 – under contract

3.22.2009     48,665 – active listings;     12,900 – under contract

3.29.2009     47,466 – active listings;     13,647 – under contract

March 2009 –  Closings to Date  - 6,300+

Feb 2009  -  total Closed – 5,449   

Jan 2009  - total Closed – 4,703

We are seeing a decrease in our supply and an increase in our demand, as with anything, supply and demand is the driving force behind pricing.   Good indicators that quite possibly we are on our way up!  

Don’t miss out on this great opportunity to purchase a home at bottom pricing with interest rates at their lowest on record! 

Contact me Today – ruth@phoenixpowersearch.com