Phoenix Real Estate – A Buyers Market – In this story I am going to share some facts and figures about current Phoenix real estate inventories. These statistics are derived right from the Arizona Regional Multiple Listing Service (ARMLS). These statistics also cover other surrounding local cities in the Phoenix Metro Area. These figures only cover Resale Phoenix Homes and the few New Construction homes that have been listed for sale by REALTORS in the ARMLS. This article will cover the month of Octobers housing figures starting in the year of 2004 up through 2007.
# of Homes Listed # of Condos Listed Median Price-Houses Only
2004 -10,151 462 229,000
2005 – 22,336 1,147 335,300
2006 – 44,562 3,026 319,000
2007 – 54,283 3,895 280,000
Average Marketing Time Houses / Average Marketing Time Condos
2004 – 21.04 days 33.39 days
2005 – 31.31 days 22.35 days
2006 – 77.54 days 62.34 days
2007 – 99.18 days 92.14 days
Visit my Phoenix Real Estate website to search for homes through the Arizona MLS. This information is deemed to be accurate but is not guaranteed. These are the raw numbers from ARMLS. It’s possible that the median price is not accurately represented based on the number of multi-million dollar homes figured into the averages.
Tags: new homes in phoenix, phoenix arizona real estate, phoenix az real estate, phoenix homes, phoenix property, Phoenix Real Estate
