Phoenix Real Estate- Market Statisics May 2008
June 15th, 2008 categories: Market Statistics, Real Estate News
There are currently 10,479 active listings (single family homes) for the Phoenix Real Estate Market. For the month of May there where 2561 new listings, 1260 pending sales and 984 sales. The current absorbtion rate or inventory of homes is currently 10.6 months for single family homes in Phoenix.
The average sale price for a Phoenix home in May 2008 was $261,272, compared to an average sales price of $260,111- showing a ever so small increase, but the good news- it did not decrease.
Phoenix Real Estate-List Price vs Sale Price
This chart shows a 4% difference between the the listed price and the actual sale price.
Phoenix Real Estate- Listing Trends
This chart is showing a positive trend, with pending and sold homes increasing.
[…] homes. Currently there are 10547 Phoenix homes for sale. Inventory is up slightly- compared to May 2008 where there were 10479 active listings at the time the post was […]