Here are the Phoenix and East Valley real estate listings and sales stats for June…
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Data extracted from ARMLS – Arizona Regional Multiple Listing Service
The stats for May are available here for comparison. In short, listings are up (though less than we've seen in the past), Days on Market (DOM) are up, and sales are slightly lower for the metro area, but some East Valley cities showed a slight increase in sales over May.
[tags]Phoenix real estate, listings and sales stats[/tags]
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This valley is and has been about as recession proof for real estate as you can get. That doesn’t mean people are not struggling in this recent down turn though. But we still rank as one of the better housing markets.
Jay,
Looking at the charts, I’ve noticed that the homes that sold in June have listing prices that are lower than those of the current listing prices. Their DOM is also lower too. Are the high end homes not selling in order for the averages to not match that much? I was under the impression that they have not been affected by the down turn as much.
Any insight is appreciated.
Interesting observation Lon. Give me a couple of days and I’ll see if I can’t break out some stats by price range..
Jay,
I guess another way of looking at the charts would be that homes priced properly are the one selling.
Lon
“I guess another way of looking at the charts would be that homes priced properly are the one selling.”
That is an *incredibly* accurate statement Lon! Sorry, I never have gotten to a more detailed break out, but it’s on ,my list for future stats posts…
As always, THANKS for visiting and commenting!