Luxury Valley Homes Arizona Real Estate Blog: October 2010

Arizona Maracopa County Market Update 10.29.2010

Arizona Maracopa County Market Update 10.29.2010

Market UpdatWe keep hearing about how "bad" the market is, and how the expiration of the tax credit crippled sales, but if you consider that a balanced market is typically considered to be 5.5 months of inventory with a seller's market being anything below and a buyer's market being anything above, our market looks pretty good.

Not long ago, Paradise Valley had a 19 month supply of inventory. If you look below, you can see that there has been dramatic improvement. 

  • Anthem 3.8 months
  • Cave Creek 6.1 months
  • Chandler 5.2 months
  • Fountain Hills 7.5 months
  • Gilbert 4.7 months
  • Glendale 4.2 months
  • Mesa 4.9 months
  • Paradise Valley 11.3 months
  • Peoria 4.6 months
  • Phoenix 4.9 months
  • Queen Creek 3.5 months
  • Scottsdale 7.0 months
  • Surprise 4.8 months
  • Tempe 5.5 months

Current Conditions in the Phoenix Market:

* There are 32,126 single family detached listings currently active in MLS. That is an increase of 53 listings from last week.

* There are 39,557 total listings currently active in MLS, including condos, town homes, patio homes and lofts.

 

Comment balloon 1 commentJane & Jeff Daley, PhD • October 29 2010 05:34PM
Arizona Maracopa County Market Update 10. 29. 2010
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