Waiting for Year’s End on Statistics
Posted on December 30th, 2008 by Jonathan Dalton
Normally I’d be posting absorption rate statistics but with the new year just two days away, I’m going to hold off until then.
Admittedly, the numbers will skewer with the expiration of a couple thousand listings as 2008 closes, but the year-end/year-beginning numbers will be of greater benefit going forward.
For those who can’t wait that long, as of this moment in time the Phoenix real estate market has an absorption rate of 10.1 months - 38,316 active single family detcahed homes against sales of 3,770 over the preceding 30 days.
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