Phoenix Real Estate in April: Sales down 9% or up 4%?

Yesterday I reported that sales in Phoenix were down 9% in April compared to April 2017. This was based on the monthly ARMLS Market Report . Housing economist Tom Lawler pointed out that the Stat report , also from the ARMLS, shows April sales were up 3.7% year-over-year! Quite a difference. On inventory, the Market report showed inventory down 25.7% year-over-year, and the Stat report showed inventory only down 9.9% year-over-year. Another huge difference. I'm trying to understand why the two reports are so different (I've always used the Market Report). The bottom line is sales in Phoenix......(read more)

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