Phoenix Real Estate Inventory: November 6
Posted on November 6th, 2007 by Jonathan Dalton
For the first time since the first week of August, sales of single-family detached homes in the Phoenix real estate market rose week-over-week for the prior 30 days. There were 2,303 total sales of single-family detached homes in Maricopa County for the period October 6 - November 6, up from 2,124 for the period September 30 - October 30.
Inventory dropped slightly over the past week to 40,677, returning to levels from about one month prior.
There’s a line from Pulp Fiction that’s both inappropriate and apropos, even when slightly paraphrased to Popsicles (thank you, Bill Simmons) … but I’ll skip it. While there’s slighly less cause for consternation there’s also little reason for wild celebration. The increase in sales is what it is … some buyers may be figuring out credit still is available. Who knows.
In any event, the increased sales and reduced inventory lowered Maricopa County’s real estate absorption rate to 17.66, a drop of about six weeks over a week ago.
As always, click on any marker to check the stats for any given city of town. And also as always, all data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.
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Just FYI… YOu absorption rate map has worked in the past, but not I can only see the map. The balloons don’t appear at all. Any ideas? By the way, would you mind re-posting a table version of the absorption rates? I can eyeballl the data much quicker that way.
Thanks for your postings!
Hi, David … not sure of the reason for the balloons not appearing. I’m still seeing them above.
Going to the data table in addition won’t be a problem. Just takes a little longer to do.
Thanks for reading!