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November ARMLS Reports

Resale Listings

The listing count reported in the November Arizona Regional Multiple Listing Service (ARMLS¹) Reports, which were released on December 15^th, was 45,353—up 101 listings from the October 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. 

Resale Sales

ARMLS-reported sales for November rose 0.2% from the October sales figure with an increase of 208.  On an annually adjusted basis sales were down 705 or almost 10% from November 2009.  This past May’s decrease was the first time in twenty-three months that there was a drop in sales over the same month in the prior year. 

November’s sales quantity is typically very close to or slightly lower than October’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%.