David Crumby
| October 31, 2007 | 10:25 AM
October Sales Report for Metro Phoenix
We will be posting our October report in the coming week. It will be interesting how we did compared to September 07 - which was not good.
September recorded aproximately 3200 sales for Phoenix Metro - we haven't seen this low of a sales velocity since January 2000. Keep in mind, the inventory of homes for sale in Phoenix is nearly 60,000 - this does not include new build inventory or the looming foreclosure market which will place a drag on prices in the coming months.
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