Phoenix Real Estate Market Update - #20

This week I stumbled upon a big time saver when doing CMAs in FlexMLS.  Back in the old archaic system, one thing I could do in one query was to find active, pending, and sold homes all at once.  The new system, however, is very strict with regard to queries, and you can’t have a close of escrow date on a pending or active property (since they haven’t closed).  Thus, you can’t do that query the same old way.  That used to annoy me (a tad, really, just a tad, as there are several ways to skin this cat), until I stumbled upon using the “status change date” field instead.  It’s not perfect, but for a quick and dirty “what’s happened in the last year” type search, it’s not a half bad field…

Across all of Maricopa County, there are currently 36,679 single family homes for sale, up by 58 from last week. There are 5476 sales currently pending, up by 358 from last week. And 4693 homes closed escrow in the last 30 days, up by 21 from last week. As a result, broader Maricopa County now has 7.8 months of inventory, based on this week’s numbers.

FYI, I have the data from the last 20 weeks tabulated and graphed.  I’m playing with how to bring that to the blog, without a post that would kill 100 trees if you printed it.  Stay tuned.

The following is a breakdown of the 11 cities around Phoenix I’m following:

*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.

The following 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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