What a final week it was; where a week ago there only were 3,100 sales logged in the Phoenix real estate market – detached homes only, data courtesy of the Arizona Regional MLS – a late rush of escrows pushed August’s final sales number to 5,057.
So, instead of being the worst August in 2008, this month past only was the worst August in three years time. Last year, with about a third less inventory available, there were 5,600 and change closed sales for the month.
At the same time, inventory of single family detached homes here in Maricopa County now sits at 11,613 – that’s more than 500 homes more than were on the market only eight days ago.
And beyond the statistics, there’s a feeling in the air … the same kind of sense that tells you fall will be arriving here in Phoenix sooner than later, just the slightest hints of crispness in the air and a more robust, less blinding blue in the sky.
The Phoenix real estate market is slowing down. Sellers, get moving.
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While you’re here, take a look at some of what’s available in Sonoran Mountain Ranch. There still are new builds to be had there – contact me before going to the sales office as you don’t want to go unrepresented on your first visit and be left to the tender mercies of the sales staff.
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