News Article From: 05-22-2010
April ARMLS Reports
The listing count reported in the April Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on May 19th, was 41,756—down 999 listings from the March reports. In March 2009 the listing quantity dropped below 50,000 for the first time in 27 months. The declining trend continued, taking the count to less than 40,000 for the first time in three years. However, this current level remains substantially above the record level of listings prior to January 2005 which was 30,046 listings in February 2003, and has started to slowly climb again in the past several months.
ARMLS-reported sales for April rose 3.3% from the March sales figure with an increase of 292. On an annually adjusted basis sales were up 697 or about 8% from April 2009. This is the twenty-second consecutive month that there has been an increase in sales over the same month in the prior year.
April’s sales quantity typically rises 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.
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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