Your Phoenix Market Right Now

ACTIVE (for sale) listings are down, SOLDS are up - that spells a correction in inventory level and a fairer supply vs. demand market.

Most telling is this chart that shows our extreme buyers market in 2007 with 13 months of inventory on hand: AKA lots of homes to choose from.

According to this chart extracted from ARMLS database on 8/17/2009, the inventory has shrunken from 11 months in Jan ‘09 to only 4.23 months now in August ‘09! The buyer are out scooping up properties.

-Becky Wyatt, REALTOR, HomeSmart 480-383-9209 or Becky@BeckyWyattOnline.com