Phoenix Real Estate Inventory Update – August 27

avatarthumbnail.jpgReturning to the normal reports and not just non-bank owned, non-short sale inventory levels.

Inventory remains low with fewer than single family detached homes on the market in Maricopa County. Bank owned inventory also is low, sitting at just over 3,000 homes across the Phoenix real estate market.

Sales are off slightly – there were 6,460 closed sales over the past 30 days compared to more than 6,600 for the 30 days ending last Thursday. REO sales are down but only by a couple of dozen homes at 3,401.

Overall there is 3.08 months of inventory for all detached homes in Maricopa County, .88 months of inventory for bank owned homes, 4.76 months for short sales and 5.94 months of inventory for non-bank owned, non-short sale homes.

Looking at the median prices for the Phoenix real estate market and it’s a mixed bag. Some communities remain level, others are rising slightly and still others had leveled off but are beginning to fall again. Phoenix’s chart seems to be both the most interesting and the least indicative given the wide disparity in homes available across the city proper.

As always, all the particulars for the cities and towns in the Phoenix real estate market are listed below. And also as always, all data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.

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[tags]Phoenix real estate[/tags]

About Jonathan

Jonathan Dalton is a 30-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.