Phoenix Real Estate Inventory Update: July 29
Posted on July 29th, 2008 by Jonathan Dalton
After a second one-week hiatus, this one caused by a speaking engagement at last week’s Inman Real Estate Connect Conference in San Francisco, we’re back with our weekly market update.
The high-level overview of the Phoenix real estate market was earlier today … inventory’s starting to creep up while sales have dropped slightly over the past 30 days, compared to a couple of weeks ago.
Mixed results on a city-by-city basis … absorption rate in most are up but there are some notable exceptions, including Buckeye and Anthem.
As always, all of the below data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.
Phoenix Real Estate Inventory: July 29
| Sold | Active | Absorption | ||
| City | 6/29/08-7/28/08 | 7/29/08 | Rate | Change |
| Ahwatukee | 7 | 52 | 7.43 | -1.74 |
| Anthem | 67 | 460 | 6.87 | 0.07 |
| Avondale | 128 | 955 | 7.46 | 0.42 |
| Buckeye | 117 | 1,162 | 9.93 | -1.95 |
| Carefree | 6 | 114 | 19.00 | 2.14 |
| Cave Creek | 43 | 516 | 12.00 | -2.00 |
| Chandler | 257 | 1,851 | 7.20 | 1.29 |
| Desert Hills | 4 | 157 | 39.25 | 23.05 |
| El Mirage | 51 | 451 | 8.84 | 1.51 |
| Fountain Hills | 25 | 490 | 19.60 | -1.65 |
| Gilbert | 310 | 2,090 | 6.74 | 0.95 |
| Glendale | 230 | 2,144 | 9.32 | 1.65 |
| Goodyear | 118 | 879 | 7.45 | 0.80 |
| Laveen | 47 | 497 | 10,57 | 1.94 |
| Litchfield Park | 62 | 439 | 7.08 | -1.05 |
| Maricopa | 132 | 798 | 6.05 | 0.94 |
| Mesa | 358 | 3,253 | 9.09 | 0.55 |
| Paradise Valley | 12 | 450 | 37.50 | 12.56 |
| Peoria | 167 | 1,649 | 9.87 | 1.52 |
| Phoenix | 938 | 10,604 | 11.30 | 0.74 |
| Queen Creek | 318 | 1,667 | 5.24 | 0.52 |
| Scottsdale | 262 | 3,915 | 14.94 | 0.84 |
| Sun City | 107 | 484 | 4.52 | -2.00 |
| Sun City West | 41 | 411 | 10.02 | 1.09 |
| Surprise | 243 | 1,535 | 6.32 | 0.40 |
| Tempe | 82 | 533 | 6.50 | 0.57 |
| Tolleson | 67 | 464 | 6.93 | -1.26 |
| Waddell | 9 | 127 | 14.11 | 0.78 |
| Total | 3,838 | 37,225 | 9.70 | 0.80 |
Technorati Tags: Phoenix real estate, absorption rate
Popularity: 4% [?]
[…] put the declaration of the summer slowdown in the Phoenix real estate market on hold for a week […]
This is the time of year our Glendale, California real estate market slows. Do you think your slowing is just summer doldrums.?