Not long after I say that I do these numbers every Tuesday I get pushed back to a Wednesday because of the switch in hosting companies. So be it.
Here’s this week’s Phoenix real estate inventory update … listings of single-family homes in Maricopa County rose slightly from a week ago to 39,273. Sales were essentially flat – a decrease of 27 homes from the preceding rolling 30-day period. Overall absorption rate is at 20.82 months.
Yesterday I had lunch with a friend who lives in Maricopa, ironically located just over the border in Pinal County about 17 miles south of southern Chandler. Maricopa always seems to get lumped into the areas where the market completely has crashed; she told of for sale signs on various homes around her subdivision.
Yet Maricopa has a 13-month supply of homes – nowhere close to healthy but still better than many others areas including Mesa, Glendale, Peoria and Phoenix itself. Homes there are affordable but you have to contend with the mandatory 15-mile drive just to get there. And if there’s an accident on the one road in … best of luck.
As always, click on any of the markers below for the details for any particular city or town. And also as always, all of the data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.
[tags]Phoenix real estate, absorption rates[/tags]