Here’s a look at the recent trends county-wide. I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.
My comments below chars.
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(click each chart to embiggen)
Number of Homes Sold by Month
Average Sold Price
Average Price per Square Foot
Average Number of Days on Market
What do you want the charts to say?
Look at the Number of Homes Sold and the Avg Days on Market charts, and you’ll no doubt get excited about the pace of the sales activity. Lots of homes selling, and in fewer days. Sounds pretty good, no?
But the Avg Sales Price and the Avg Price per Square Foot show a completely opposite picture, as both measures are sloping downward without an end in sight.
Bottom line – the banks are unloading lots of REO property, and investors are buying in bulk. These two groups will agree with the fast-paced market approach. But for the rest of us… charts 2 & 3 are looking ominous.
** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS. All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed. Please do not make any life-changing decisions based solely on the information contained herein.
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Your still waiting to report a change in the trends Realtor,