As of 5/11/07
Inventory levels increased less than 1% this week to 43723 single family detached homes. Closing rates stayed about the same with 4470 closings in the last month and the net result was no change in the available supply of homes which remains at about a 9 ¾ month supply Valleywide.
The 300’s area, which is the West Valley, west of 43rd Ave. continues to have the highest available supply of homes at nearly 10 ¾ months inventory.
The comparison of current active listing change is based on the previous week’s inventory. Supply numbers are based on the number of closings in the previous month, divided in to the total number of active listings. This data is for Single Family Detached homes only and does not include patio homes, condos, or town homes.
Entire MLS (Maricopa and Northern Pinal county), listing inventories are up 1% from last week. Total of 43723 active listings. Based on current rate of closings, about a 9 ¾ month supply.
200’s area (Central Phoenix). Listing inventories are up 1% from last week. Total of 6069 active listings. About a 9 month supply.
300’s area (West Valley). Listing inventories are up 1% from last week. Total of 14649 active listings. About a 10 ¾ month supply.
400’s area (NE Valley), Listing inventories are unchanged from last week. Total of 6593 active listings. About a 9 ½ month supply.
500’s area (SE Valley), Listing inventories are unchanged from last week. Total of 11461 active listings. About an 8 month supply.
Scottsdale over $1m. Listings inventories are unchanged from last week. Total of 1341 active listings. About a 18 ½ month supply.
Scottsdale under $1m. Listing inventories are up 2% from last week. Total of 2172 active listings. About a 7 ½ month supply.
Paradise Valley. Listing inventories are down 1% from last week. Total of 302 active listings. About an 10 ¾ month supply.
I hope this information is useful to you.
Make it a great day…
Venessa Gonzalez
Business Development Manager
The Talon Group
1355 S. Higley RD, Ste 111
Higley, AZ 85236
B: 480-988-5693
C: 602-214-6485
F: 866-354-0019
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Wednesday, May 23, 2007
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