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September stats for the Phoenix Real Estate market

September stats for the Phoenix Real Estate market 

The Cromford Report, the Phoenix market area's most well regarded statistical source showed the following basic data for September:

 

 

Sales volumes dropped in September while supply failed to decline for the first time since December 2010. To compensate we saw positive pricing movement for the first time since the second quarter.

Looking into the ARMLS data across all areas and types we see the following:

  • Sales per Month: 7,832 in September - down 11% from August but up 17% from this time last year.
  • Active Listings (including AWC): 26,869 on October 1 - up 0.2% from September 1 but down 40% from this time last year.
  • Active Listings (excluding AWC): 19,327 on October 1 - up 0.6% from September 1 but down 50% from this time last year.
  • Pending Sales: 10,841 on October 1, down 5.8% from August 1, but up 12.4% compared with this time last year.
  • Days Inventory: 99 on October 1, the same as September 1 but dramatically down from 179 at this time last year
  • Sales Price as a Percentage of List: 96.70% on October 1, almost the same as 96.72% on September 1 but up from 95.43% on October 1, 2010

There obvioiusly is a lot more to the market than these basics, and I will cover them later.  But one of the keys to note is that although sales were down from the prior month a look at seasonally adjusted numbers show a market improvement.  That and we are headed into busier times with the cooler weather and the influx of out of state buyers.

Adam Tarr
Citywide Real Estate
Phoenix, AZ
480-236-7374
adam@WeAreAZRealEstate.com

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