News Article From: 04-22-2011
March ARMLS Reports
Resale Listings
The listing count reported in the March Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on April 18th, was 37,632—down 3,034 listings from the February reports.
Resale Sales
ARMLS-reported sales for March rose 38.4% from the February sales figure with an increase of 2,756. On an annually adjusted basis sales were up 958 or almost 11% from March 2010.
March’s sales quantity typically rises slightly from February’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. |