Phoenix Real Estate in January: Sales down 12% YoY, Active Inventory up 10% 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 ("Stats Report"): 1) Overall sales declined to 5,357 from 6,082 in January 2018. Sales were down 16.3% from December, and down 11.9% from January 2018. 2) Active inventory was at 18,990, up from 17,330 in January 2018. This is up 9.6% year-over-year.  This is the third consecutive month with a YoY increase in active inventory. The last three months - with a YoY increase - followed twenty-four consecutive......(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/2EkbnhD
via IFTTT