Phoenix Real Estate in April: Sales up 6% YoY, Active Inventory up 7% 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 increased to 9,493 in April, up from 8,990 in April 2018. Sales were up 13.8% from March 2019 (last month), and up 5.6% from April 2018. 2) Active inventory was at 17,804, up from 16,568 in April 2018. That is up 7.5% year-over-year.  This is the sixth consecutive month with a YoY increase in active inventory. The last six months - with a YoY increase - followed twenty-four......(read more)

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