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News Article From: 06-28-2007


Resale Listings



Real-time Information


ARMLS compiles monthly data for reports to be released on about the 15th of each month.  In this rapidly changing market, utilizing only the Arizona Regional Monthly Listing Service (ARMLS) Sales Reports has the potential of delaying the timely identification of changes in the market.   You need to know what has happened since those reports were compiled to assess if there were any trends developing in late May and early June.  The chart below is a perfect example of the value of this Real-time information.



Listing Count


March 16, 2007 – June 15, 2007


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As you can see from the graph below, during the holiday season the listing fell off, but has returned to a growth pattern similar to what it was in the first eight months of 2006.




Resale Listings May 15, 2006  June 15, 2007


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The graphs below and above were compiled using daily figures of Internet MLS listings.  The quantities do not exactly match ARMLS Report numbers, because a few ARMLS members exclude their listings from the Internet, but the patterns of the two sources are very similar.  Because the actual numbers differ slightly, these graphs have been designed to show no quantities on the vertical scale.



Resale Listing Numbers


The twelve-month graph below is also based on a real-time representation of what is happening in the listing arena. 


Listing Trend May 15, 2006 – June 15, 2007



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The graphs above indicate a subtle sign of change in the listing arena.  They illuminate a pattern at the end of each month, i.e. there is a noticeable dip in listings.  This is most likely due to a larger percentage of the listing contracts expiring at month’s end.  The dip is typically short-lived and lasts only a few days to a week.  This month, however, the listing quantity has taken over two weeks to return to a new high.  This is potentially an indication that we are nearing a new saturation level for listings.  However, even if the listing inventory is stabilizing, it will take many months before we will return to normal market conditions.



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