Wednesday, October 31, 2007
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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