Phoenix Real Estate Blog / Market Updates

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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News and updates on real estate market conditions in metro Phoenix Arizona including Tempe, Mesa, Chandler, Gilbert, Ahwatukee
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