Maricopa County Charts - September 2012
We've been watching this "market correction" for a long time now, and there's still a lot of uncertainty about what's coming next. Here are a few charts worth noting this month..
Number of New Vacant Listings
This chart shows how many homes went up for sale as vacant homes. Obviously, a "normal" market will not have thousands of vacant homes for sale each month.
Average Price per Square Foot of Sold Homes
You can see how prices shot up dramatically in the first half of the chart (21% increase in 7 months). And while prices are still increasing, the rate of increase has slowed. (3.4% in the last 4 months).
Number of Homes Sold
The number of homes sold has held within the 5,000 - 6,000 range over the last year, with a couple months slightly outside that range.
Numbers represent Single Family Dwellings in Maricopa County. All data was pulled from the Arizona Regional Multiple Listing Service (ARMLS) and is believed to be accurate but not guaranteed.