Phoenix Homes Sales, 2004 – present

avatarthumbnail.jpgEarlier this week I mentioned the jump in sales of single family detached homes in the Phoenix real estate market. As I said at the time, it was the highest number of sales I’d seen in any month since I started tracking the local absorption rate in 2006.

Actually, the 5,800-plus sales in Maricopa County were the most since October 2005, which was right about the time the market started to slow down.

Here’s how this looks graphically:

inventory.jpg

I’ve got my theories but it’s probably best for you to draw your own conclusions.

[tags]Phoenix real estate[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

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