Where is the Arizona market going?

Where is the Arizona market going? The numbers from the Arizona Multiple Listing Service speak for themselves. The bottom chart shows monthly numbers of homes sold from 2001-2009. The focus of the top chart is on the specfic price ranges from October 2009. Just look at the price range $120K-140K. That range has the highest number of homes sold at 665 and another 912 pending with only 1939 active. Please take the time to review these charts the numbers positive!

When buying or selling a home, one of the largest financial decisions a person will ever make, always consider the source of statistics. Just in the last few days I heard the market is up 24% , up 10 % and market bottom is still coming - so which is it? We all would love to know! Statistics are often taken out of context so provided below are two charts that are a good gauge. Every month this information is updated from the Arizona Multiple Listing Service and can be found at: http://armls.com/stats.html

Keep in mind that these numbers do not include private party transactions or trustee sales.

If you would like those statistics please email peggy@peggyrauch.com.


(Click on pictures for larger view)