Phoenix Real Estate Market Update

This week’s update occurs on Mother’s Day. We certainly hope every mom had a great Mother’s Day. Judging by the numbers, there are probably a few happy moms in Maricopa County right now, as all of the numbers show the current trend toward a generally positive direction.

There are 38,432 single family homes for sale, down by 87 from last week. There are 5293 sales currently pending, up by 269 from last week. And 3845 homes closed escrow in the last 30 days, up by 191 from last week. Broader Maricopa County has almost exactly 10 months of inventory, based on this weeks numbers. The following are the 10 city-by-city breakdowns I am following:

City	Homes For Sale	Sale Pending	Sold
Phoenix	10320 98	1180 67	905 53
Scottsdale	4219 34	379 32	279 5
Mesa	3391 51	520 14	356 4
Chandler	2012 32	341 21	278 12
Glendale	2143 12	325 0	227 27
Goodyear	989 3	173 13	122 9
Tempe	502 13	118 18	74 6
Cave Creek	588 8	24 5	36 5
Fountain Hills	510 20	41 7	29 2
Paradise Valley	470 1	21 0	17 3
Carefree	149 1	6 0	6 0

*All data comes via ARMLS, and is presumed to be reliable, but is not guaranteed. All numbers represent single family detached homes only. Condos, townhouses, timeshares, vacant land lots, and manufactured homes are not represented in these numbers. All sold properties were sold in the last 30 days.

All trend indicators are relative to the previous week’s update:

Positive move upward Positive move downward

Negative move downward Negative move upward

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