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News Article From: 02-15-2006

Resale Listings Continue to Climb




Real-time Information



In mid-January, the December ARMLS Sales Reports showed December’s resale listings of 26,790. That was up from 25,223 in November, but what has happened since then?  These listing graphs show that listing growth is continuing at an extremely strong pace.



In this rapidly changing market, utilizing just the Arizona Regional Monthly Listing Service (ARMLS) Sales Reports may delay the timely identification of potential changes in the market and can affect your ability to make informed decisions.  ARMLS compiles monthly data to release reports on about the 15th of each month.  You need to know what has happened since then and if there were any trends developing in January and early February.



The graphs below were compiled using daily figures of Internet MLS listings.  The exact quantities do not exactly match ARMLS Report numbers, because a few ARMLS members exclude some of their listings from the Internet, but the patterns are very similar.  Thus, the graphs below show no quantities on the vertical scale; yet, the continued growth of resale listings is obvious.




Resale Listings August 12, 2005February 12, 2006


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Resale Listing Numbers



The rapid pace of listing growth picked up again after the first of the year.  The weekly changes are exceeding 1,000 new listings.  The total listings are quickly approaching the milestone of 30,046 from January 2003.  In the last six months total listings have increased by over 18,000.



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Despite subtle dips during the last six months, the number of listings has steadily increased.  Overall, the growth in resale listings remains extremely strong.  Continued growth in listing levels will likely trigger a decrease in median sales price.  For more information on these subjects see our February IN-DEPTH ANALYSIS articles (to be released on February 17th).

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