Quick Phoenix Real Estate Market Update

avatarthumbnail.jpgYet another two-parter today … for those in the Peoria Unified School District, just 27 days until the little ones return to school. ‘Nuff said.

As of this morning there are 36,782 single-family detached homes for sale in Maricopa County, an increase of 24 over a week ago. Sales fell by almost 100 over the preceding 30 days to 4,135 for an absorption rate of 8.89 months in the Phoenix real estate market.

Inventory of bank-owned homes crept over the 5,000 mark to 5,050 and sales kept pace at 1,417 to keep the absorption rate at 3.5 months.

Full numbers from around the Valley will be posted later this afternoon, children willing.

[tags]Phoenix real estate, absorption rate, bank owned homes[/tags]

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.