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Phoenix Real Estate Inventory Update – March 16

Phoenix Real Estate Inventory Update – March 16

A day late but hardly a dollar short …

Inventory remained flat across the Phoenix real estate market this past week, with 23,388 single-family detaached homes currently for sale in Maricopa County. Sales over the past 30 days were 5,562 for an overall absorption rate of 4.2 months, down just over a week from last week’s report.

Bank owned inventory is at 1.66 months (3,529 active listings and 2,131 sales), short sales are at 5.34 months (5,704 listings and 1,256 sales) and non-distressed sales are at 6.05 months (13,155 listings and 2,175 sales.)

Anthem remains the strongest market in the Valley (technically that honor goes to Desert Hills, though there’s almost no sample size there) with only 1.91 months of inventory currently available.

El Mirage and Avondale also are under 2.5 months of homes for sale at the current sales pace.

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

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[tags]Phoenix real estate[/tags]

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