Phoenix real estate

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Keeping a Sense of Perspective

It appears the time has come to get serious once again about market statistics as for the first time in three years the numbers they are a-changing. There was 2007, when week after week there was ludicrously high inventory and ridiculously low sales combining to leave the Phoenix real estate market with a year or more of inventory of single family detached homes. Then came April 2009 and the numbers flipped on a dime, the already falling bank owned inventory barely kept past with rising sales and inventory fell off to about three to four months, something vaguely resembling normal. [...]

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