Here are the city-by-city absorption rate figures for the Phoenix real estate market as of July 1. The change in the far right column is from two weeks ago – last week was spent enjoying the beach on a rare family vacation so the numbers were not run.
Queen Creek remains the fastest market in the Valley while other cities with high rates of foreclosed homes (and thus bank owned sales) also have comparatively low absorption rates.
As always, all of the below data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.[table=6] [tags]Phoenix real estate, absorption rate[/tags]