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Jonathan Dalton
REALTOR
ePro, SFR
602-502-9693

Phoenix Real Estate market stats a/o January 8

Phoenix Real Estate market stats a/o January 8

Below are the latest absorption rate figures for the Phoenix market as of this morning. As expected, listings are on the rise once again – we’ve seen a net increase of around 1,000 homes for sale over the past week. Some of these are new and some are homes that had been taken off the market for the holidays being reactivated.

I’ve covered methodology in depth on my old blog but here’s a quick refresher: these numbers represent only single-family homes in Maricopa County. I’ve never run these figures including townhouses, patio homes, manufactured homes, etc. and I narrowed the focus to Maricopa County versus ARMLS as a whole a few months ago. To my mind, the inventory of homes in Eloy showing in ARMLS has no bearing on the Maricopa County market.

Actives are currently active and solds are closed sales only. Homes listed either as pending or Active with Contingencies do not fit either category and are not included as they would skewer the numbers in the direction of more sales.

CITY SOLD 12/8/06-1/8/07 ACTIVE 1/8 Absorption Rate
as of 1/8/07
Change Buyer/Seller
Ahwatukee 15 83 5.53 months 1.68 Buyer/Neutral
Anthem 40 553 13.83 -0.15 Buyer
Avondale 115 763 6.63 -0.02 Buyer
Buckeye 74 775 10.47 1.27 Buyer
Carefree 3 101 33.67 -12.83 Buyer
Cave Creek 40 481 12.03 0.36 Buyer
Chandler 278 1,823 6.56 0.85 Buyer
Desert Hills 14 180 12.86 -0.14
Buyer
El Mirage 40 329 8.23 1.44 Buyer
Fountain Hills 24 378 15.75 2.54
Buyer
Gilbert 309 1,946 6.30 0.32 Buyer
Glendale 229 1,695 7.40 0.13 Buyer
Goodyear 100 941 9.41 1.17 Buyer
Laveen 53 382 7.21 1.56 Buyer
Litchfield Park 65 382 5.88 0.18 Buyer
Maricopa 66 721 10.92 -0.32 Buyer
Mesa 369 2,640 7.15 0.65 Buyer
Paradise Valley 23 257 11.17 -0.68 Buyer
Peoria 187 1,532 8.19 -0.13 Buyer
Phoenix 1,049 6,592 6.28 0.67 Buyer
Queen Creek 162 1,528 9.43 0.20 Buyer
Scottsdale 295 2,862 9.70 0.77 Buyer
Sun City 68 601 8.84 0.73 Buyer
Sun City West 34 508 14.94 1.11 Buyer
Surprise 163 1,925 11.81 1.22 Buyer
Tempe 84 373 4.44 0.64 Seller
Tolleson 31 269 8.68 0.68 Buyer
Waddell 9 102 11.33 -1.42 Buyer
TOTAL 3,820 29,958 7.84 0.68 Buyer

Data provided by ARMLS. Data deemed reliable but not guaranteed

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