Small changes only in the Phoenix real estate inventory numbers this week …
Inventory of single-family detached homes in Maricopa County excluding auction properties sits at 36,206, a decrease of 600 from a week ago. Closed sales over the preceding 30 days were off slightly to 34.27 for an absorption rate of 10.56 months, slightly higher than last week’s report.
In the bank-owned arena, inventory dropped by 17 homes and sales dropped by 30 for an almost-unchanged absorption rate of 4.50 months.
As always, on the below table are the details from the various cities and towns in the Phoenix real estate market. And also as always, all data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.[table=36] [tags]Phoenix real estate, absorption rate[/tags]