Phoenix Pending Home Sales: February 2

Jonathan Dalton, Phoenix Real Estate AgentAt the moment, inventory is flat to slightly down compared to this week’s earlier update. This could be very important or completely irrelevant.

There also have been 919 single-family homes in the Phoenix real estate market to go under contract in the past seven days, which also could be very important or completely irrelevant.

Over a quarter of those homes were lender-owned. This, I can say with confidence, is a rather important statistic.

That’s it for today as it’s been proven no one reads blogs on Saturday.

[tags]Phoenix real estate, REO homes, foreclosures[/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


  • Jeff Brown 10 years ago

    Hey — Mom says I’m somebody. 🙂

    Since we’re now into February, those who would discount the relevance of what you’ve been seeing in your area should look again. When more than 225 of those are bank owned, it might allow the conclusion market perception is changing.

    The window of opportunity could be closing before our eyes.

  • Jonathan Dalton 10 years ago

    You’re always somebody, Jeff.

    We shall see if you’re correct. I think the bottom’s closer than many may believe.