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3^rd Issue of January 2009

December ARMLS Reports

Resale Listings 

The listing count reported in the December Arizona Regional Multiple Listing Service (ARMLS)¹ Reports, which were released on January 16^th, was 53,792—down 2,435 listings from the November reports.  The listing quantity has now been above 52,000 for 22 months and has not varied more than 5% during that time period.  This current level remains substantially above the record level of listings prior to January 2005 which was 30,046 listings in February 2003. 

Resale Sales

ARMLS-reported sales for December climbed 25% from the November sales figure with an increase of 1,107.  On an annually adjusted basis sales were up 2,112 or about 62% from December 2007.  This is the seventh consecutive month that there has been an increase in sales over the same month in the prior year.  December’s sales quantity typically drops a little from November’s, so this month’s change is out of the ordinary per 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.

Note:  This report was prepared utilizing numbers from an adjusted August 2008 report published by ARMLS after the distribution of the August In-Depth Analysis Newsletter.  In all cases the impact of these adjusted numbers  is less than 1%.