North Phoenix Active Listings – year over year comparison

I've been watching the number of homes listed in the MLS trend downwards over the last few months, which at first thought seems like a good thing – like maybe we're heading in the right direction for a recovery (that mythical R-word!) But then I compared the numbers with the 4^th quarter of last year, and it's déjà-vu all over again. Here's what I'm seeing:











Notes:

Ø How do I pull my figures, and what do I consider North Phoenix? Click here for a detailed explanation.

Ø All figures are pulled from the Arizona Regional MLS, and are considered accurate but not guaranteed.

My Thoughts:

Ø Q4 2007 shows a decrease of 1,051 units (5.07%).

Ø Q4 2006 shows a decrease of 1,534 units (9.33%).

Ø In 2007, we went from 14,915 units at the beginning of the year to 20,713 units in October – an increase of 5,798 units (38.87%)!

Ø The obvious, and most important, question is: "What will happen between now and October, 2008?"

Your can't wait to find out Realtor,

Chris Butterworth

[tags] market trends, mls statistics, phoenix market analysis, Fletcher Heights [/tags]