Phoenix Real Estate in March: Sales down 11% YoY, Active Inventory up 9% 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 8,344 in March, from 9,402 in March 2018. Sales were UP 30.2% from February 2019, but down 11.3% from March 2018. 2) Active inventory was at 18,182, up from 16,645 in March 2018. This is up 9.2% year-over-year.  This is the fifth consecutive month with a YoY increase in active inventory. The last five 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 http://bit.ly/2GoN2II
via IFTTT