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Phoenix Real Estate Inventory Update – April 23

Phoenix Real Estate Inventory Update – April 23

Inventory ticked down from last week’s report and sales ticked up by just under 200, bringing the months supply of inventory – the absorption rate – in the Phoenix real estate market to 3.45 months.

While bank owned homes continue to drive the market – there is a 1.3 months supply of REO inventory – traditional, non distressed sales also are showing signs of a sellers’ market at 4.69 months of inventory. This comes with a fairly considerable caveat: the price has to be competitive for buyers to look.

As always, all the particulars from the various cities and towns in Maricopa County is below. Also as always, all data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.

 

City/Town

Sold 3/23-4/23/2010

Active 4/23/2010

Inventory in months

Change from last

Anthem 70 129 1.84 -0.33
Avondale 175 343 1.96 -0.01
Buckeye 249 594 2.39 -0.17
Carefree 7 115 16.43 2.18
Cave Creek 55 362 6.58 -0.82
Chandler 354 1,307 3.69 0.03
Desert Hills 5 10 2.00 -4.00
El Mirage 93 166 1.78 -0.12
Fountain Hills 54 315 5.83 0.72
Gilbert 457 1,400 3.06 -0.17
Glendale 409 1,100 2.69 -0.06
Goodyear 199 529 2.66 -0.35
Laveen 150 357 2.38 0.04
Litchfield Park 71 174 2.45 0.12
Maricopa 232 690 2.97 -0.12
Mesa 686 2,106 3.07 -0.14
Paradise Valley 32 448 14.00 -1.20
Peoria 267 1,047 3.92 0.04
Phoenix 1,715 5,572 3.25 -0.06
Queen Creek 247 539 2.18 -0.25
Scottsdale 436 2,841 6.52 -0.45
Sun City 115 405 3.52 -0.29
Sun City West 104 408 3.92 -0.37
Surprise 385 1,004 2.61 -0.11
Tempe 101 478 4.73 -0.87
Tolleson 79 200 2.53 -0.08
Waddell 25 83 3.32 0.25
Totals 6,509 22,470 3.45 -0.12
    REO 2,462 3,204 1.30 -0.03
    Short Sale 1,310 6,428 4.91 -0.23
    Traditional 2,737 12,838 4.69 -0.33

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