Phoenix Real Estate Market Update - Easter Edition

Happy Easter!

I’m cutting straight to the chase today, it is Easter after all. Across all of Maricopa County, there are currently 30,087 single family homes for sale, down by 1297 from 2 weeks ago. There are 10,071 sales currently pending, up by 913 from 2 weeks ago. And 6228 homes closed escrow in the last 30 days, up by 28 from 2 weeks ago. As a result, broader Maricopa County now has 4.8 months of inventory, based on this week’s numbers.

Lets look at the 11 city by city breakdown. I’ve added a Months of Inventory column. I’ll talk more about the meaning of months of inventory during this upcoming week.

City	Homes For Sale	Sales Pending	Sold	Months of Inventory
Phoenix	7737 434	3063 304	2080 5	3.7
Scottsdale	3825 76	466 34	259 5	14.8
Mesa	2632 60	917 60	570 0	4.6
Chandler	1546 40	469 39	283 0	5.5
Glendale	1503 94	720 80	394 12	3.8
Goodyear	735 54	289 21	177 7	4.2
Tempe	494 1	100 9	63 3	7.8
Laveen	436 9	180 3	123 2	3.5
Cave Creek	471 7	61 13	33 4	14.3
Fountain Hills	446 10	66 16	40 1	11.2
Paradise Valley	569 10	17 5	11 5	51.7
Carefree	150 0	9 1	6 1	25.0

*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.

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

Positive move upward Positive move downward

Negative move downward Negative move upward