Here is the MLS activity from last week. After a couple of weeks where the data was looking a little bit better than it had in recent months, today's numbers are a return to the former. We had a fairly large number o f new listings hit the market (16), while a more modest number went into Pending Sale status (6). We also had a larger than normal number of homes reduce their asking price. Here are the specifics:
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 31 homes which reduced their price by an average of 3.3% 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]