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
|Desert Hills||14||180||12.86|| -0.14
|Sun City West||34||508||14.94||1.11||Buyer|
Data provided by ARMLS. Data deemed reliable but not guaranteed