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April ARMLS Reports

Resale Listings

The listing count reported in the April Arizona Regional Multiple Listing Service (ARMLS)¹ Reports, which were released on May 15^th, was 44,165—down 5,578 listings from the March reports.  The listing quantity has dropped below 45,000 for the first time in 28 months.  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 April rose 12% from the March sales figure with an increase of 928.  On an annually adjusted basis sales were up 3,689 or almost 78% from April 2008.  This is the eleventh consecutive month that there has been an increase in sales over the same month in the prior year.  April’s sales quantity typically rises a little from March’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.

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%.