Here is the MLS activity from last week. There isn't anything Earth-shattering in the activity, but there are a couple of things I noticed. In the Sold activity, notice the Days On Market – many of the homes were on the market for a long time. This helps show that when we refer to average numbers, there can still be significant differences. Also, this was the highest percentage of price changes I've seen since we started doing this weekly report...
Active Listings – These homes are new to the market.
Pending Sale – These homes went into escrow.
Sold – These homes successfully closed escrow.
Price Changes – there were also 22 homes which reduced their price by an average of 4.0% last week.
All information is taken from the Arizona Regional Multiple Listing Service (MLS) and is deemed accurate but not guaranteed.
Please note: These numbers represent a "snap-shot in time", but do not tell the whole story. We don't know by looking at these numbers, for example, the condition of a particular property, the owners' motivation for selling, or the property's lot location. We also don't know, without further research, whether any price shown here represents a good value. There can be many "soft" factors which contribute to determining an ideal price. If you have any additional questions or comments, want to see additional data, or want to know how all this information relates to your property specifically, please don't hesitate to contact me anytime.
- Chris Butterworth
[tags] MLS Activity [/tags]