Phoenix Real Estate in March: Sales up 3%, Inventory down 13% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in March were up 3.3% year-over-year (including homes, condos and manufactured homes). 2) Active inventory is now down 12.9% year-over-year.   This is the seventeenth consecutive month with a YoY decrease in inventory . March Residential Sales and Inventory, Greater Phoenix Area, ARMLS   Sales YoY Change Sales Cash Sales Percent Cash Active Inventory YoY Change ......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2qUNAgu
via IFTTT