Real Estate Blog

Homes sales are BOOMING in the greater Phoenix area according to the Cromford.  June 30 there was a record number of closings, an ALL TIME high for a single day of sales.

Sales are up and inventory is down.  With my own clients, we are almost always in a multiple offer situation when making offers on homes that are lender owned or regular sales. (sometimes also with short sales, but not as often). Many homes are selling at or above asking price.

Here are some statistics of sales in the Greater Phoenix Area:

Monthly Sales: 11,141 is 13% higher than May 2011 and 21.7% higher than in June 2010, when sales numbers were still getting a boost from the government tax credit.

Pending Listings: 12,224 on July 1-up 16.1% compared with July 1, 2010.

Active Listings (aka Supply) down 8.0% from June 1 and down 30.0% compared with July 1, 2010.