Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...
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Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...
Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...
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News Article From: 06-14-2007

New Listings Information




The level of the homes-for-sale inventory is one of the key pieces of information to understanding the current real estate market.   The significance of the NEW Listing Information contained in this article is subtle, but important.  The quantity of new listings for the last two months has jumped up into the range that we experienced in early 2006 as listings climbed to new record heights. 



Historical Perspective


NEW Listings have now been above the norm for the last twenty months and continue there, even though this count for the last six months has been slightly lower than the numbers a year ago.



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New listings data counts the listings that are new to the market within the past month and does not include the listings that continue on the market past the month in which they were listed in.







This out-of-the-ordinary growth in NEW Listings has been much of the driver behind the current market situation.  However, the recent (the last four months) moderation in this number may foreshadow a slight overall listing growth moderation.  The above graph illustrates a change in market behavior more clearly - and earlier - than the total listing count graph in the article titled “December ARMLS Reports”.  This graph also allows the reader to more clearly see the impact of the month-by-month calendar cycle.



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