Phoenix real estate market stats a/o January 15

avatar.jpgWhat do you get when you combine rising inventory with slower sales? A jump in the 30-day rolling absorption rate.

Inventory has returned to mid-December levels while sales are the lowest since I started tracking Maricopa County-only single-family trends. Of course, the low sales total is hardly a surprise given Christmas and New Year’s dominated the heart of the 30-day rolling period.

If sales remain low over the next couple of updates, though, and inventory continues to rise then a frosty winter may be in the making.

CITY SOLD 12/15/06-1/15/07 ACTIVE 1/15 Absorption Rate
as of 1/15/07
Change Buyer/Seller
Ahwatukee 16 80 5.00 months -0.53 Neutral
Anthem 37 571 15.43 1.61 Buyer
Avondale 109 798 7.32 0.69 Buyer
Buckeye 68 800 11.76 1.29 Buyer
Carefree 4 101 25.25 -8.42 Buyer
Cave Creek 40 513 12.83 0.80 Buyer
Chandler 255 1,843 7.23 0.67 Buyer
Desert Hills 10 180 18.00 5.14
Buyer
El Mirage 38 336 8.84 0.62 Buyer
Fountain Hills 24 387 16.13 0.38
Buyer
Gilbert 276 1,979 7.17 0.87 Buyer
Glendale 225 1,712 7.61 0.21 Buyer
Goodyear 89 1,016 11.42 2.01 Buyer
Laveen 46 400 8.70 1.49 Buyer
Litchfield Park 63 392 6.22 0.35 Buyer
Maricopa 62 733 11.82 0.90 Buyer
Mesa 343 2,751 8.02 0.87 Buyer
Paradise Valley 16 267 16.69 5.51 Buyer
Peoria 183 1,577 8.62 0.42 Buyer
Phoenix 1,008 6,746 6.69 0.41 Buyer
Queen Creek 147 1,568 10.67 1.23 Buyer
Scottsdale 302 2,919 9.67 -0.04 Buyer
Sun City 56 627 11.20 2.36 Buyer
Sun City West 33 518 15.70 0.76 Buyer
Surprise 156 1,985 12.72 0.91 Buyer
Tempe 83 389 4.69 0.25 Seller
Tolleson 28 267 9.54 0.86 Buyer
Waddell 10 106 10.60 -0.73 Buyer
TOTAL 3,617 30,793 8.51 0.67 Buyer

Data provided by ARMLS. Data deemed reliable but not guaranteed

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Jonathan Dalton

Jonathan Dalton is a 40-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.

0 Comments

  • Phoenix | Phoenix real estate market stats a/o January 15 11 years ago

    […] More:Jonathan Dalton View blog reactions Phoenix Newsvine:Phoenix January 15th,2007+Freshness […]

  • REBlogGirl 11 years ago

    Yo! Rockin’ new blog, Johnny boy!
    Just thought I’d drop by and say “hi.”

  • Jonathan Dalton 11 years ago

    Thanks for the visit, Mary! It took a bit but I’m starting to get this one where I want it.

    Your advice was very much appreciated!

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