This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.
The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"):
1) Overall sales increased to 9,493 in April, up from 8,990 in April 2018. Sales were up 13.8% from March 2019 (last month), and up 5.6% from April 2018.
2) Active inventory was at 17,804, up from 16,568 in April 2018. That is up 7.5% year-over-year. This is the sixth consecutive month with a YoY increase in active inventory.
The last six months - with a YoY increase - followed twenty-four consecutive months with a YoY decrease in inventory in Phoenix.
Months of supply decreased from 2.78 in March to 2.43 in April. This is still low.
The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"):
1) Overall sales increased to 9,493 in April, up from 8,990 in April 2018. Sales were up 13.8% from March 2019 (last month), and up 5.6% from April 2018.
2) Active inventory was at 17,804, up from 16,568 in April 2018. That is up 7.5% year-over-year. This is the sixth consecutive month with a YoY increase in active inventory.
The last six months - with a YoY increase - followed twenty-four consecutive months with a YoY decrease in inventory in Phoenix.
Months of supply decreased from 2.78 in March to 2.43 in April. This is still low.
0 Comments: