News Article From: 03-18-2011
February ARMLS Reports
Resale Listings
The listing count reported in the February Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on March 15th, was 40,666—down 2,215 listings from the January reports.
Resale Sales
ARMLS-reported sales for February rose 9.7% from the January sales figure with an increase of 632. On an annually adjusted basis sales were up 576 or almost 9% from February 2010.
February’s sales quantity typically rises slightly from January’s, so this month’s change is following the normal calendar cycle. In the normal calendar cycle, sales tend to be highest in the summer and then gradually taper off over the next few months before resuming the climb during the first quarter of each year. The winter months are consistently the lowest in sales.
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Our sources of data for these displays are the ARMLS reports. In these, there are three months, January – March 2005, for which we have not shown listing data because of apparent discrepancies. Additionally, ARMLS notes that the listing information for March through August 2002 may contain errors, but we have chosen to display this reasonable data above.
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1 (ARMLS) Arizona Regional Multiple Listing Service empasses most of Maricopa and Pinal Counties. |