Happy Mothers Day!
I’m cutting straight to the chase today, it is Mothers Day after all. Across all of Maricopa County, there are currently 25,302 single family homes for sale, down by 4785 from a month ago. There are 10,819 sales currently pending, up by 748 from 2 weeks ago. And 7012 homes closed escrow in the last 30 days, up by 784 from 2 weeks ago. As a result, broader Maricopa County now has 3.6 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 |
6403 |
3198 |
2325 |
2.8 |
| Scottsdale |
3562 |
525 |
326 |
10.9 |
| Mesa |
2200 |
975 |
627 |
3.5 |
| Chandler |
1251 |
560 |
299 |
4.2 |
| Glendale |
1198 |
727 |
500 |
2.4 |
| Goodyear |
593 |
330 |
195 |
3.0 |
| Tempe |
419 |
160 |
73 |
5.7 |
| Laveen |
346 |
219 |
118 |
2.9 |
| Cave Creek |
433 |
74 |
40 |
10.8 |
| Fountain Hills |
395 |
69 |
43 |
9.2 |
| Paradise Valley |
554 |
26 |
14 |
36.6 |
| Carefree |
145 |
8 |
6 |
24.2 |
*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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