Over the years I have spent hours and hours at the end of the month on the MLS breaking down the active, pending and sold numbers by city and price range and importing them into Excel spread sheets.  While I greatly enjoy the knowledge and interpretation of the numbers, as someone who doesn’t love Excel or spreadsheets this is almost as much fun as a paper cut on my eyeball.  Recently, I have become acquainted with The Cromford Report a subscription site where they compile the numbers and I just have to pay for it.  There really sick are people out there who LOVE putting this stuff together.  They even come with colored arrows for those who can’t figure out if things are trending up or down.  

Here’s a quick snapshot of the Phoenix real estate Market as of today: 

Things to make note of include:

  • The active listings – see how they are coming down, that means that houses are selling and/or expiring and not being replaced with new listings.
  • The pending (under contract) listings – nearly twice as many as this time last year!  The buyers are getting it…
  • Sales are up too!
  • Months Supply of inventory is way down.  If no other houses came on the market at the rate things are selling it would take 4.3 months to deplete the inventory on the market.  

Things are a-changing…

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