Please visit our web site at www.pacellagroup.com for additional information, or to view properties for sale.

Inventory is melting, and that is fantastic news.  Incentives for first time home buyers, as well as the oppportunities for vacation homes, and investment properties are driving the trend.  Many buyers are realizing that interest rates at historic lows will not last forever.

Kris Price, Senior Loan Consultant with Homeowner's Financial Group, and myself, an Accredited Buyer Representative will be conducting complimentary first time home buyer workshops during the month of April.  Please contact me at (602) 908-7177 or visit the web site at www.pacellagroup.com, click "contact us" to reserve your seat.

Reviewing the MLS data for the same period one year ago, pending sales are up 81% and closed transactions are up 65%. 

Current Conditions in the Phoenix Market:

According to the Comfort Report, Valley wide we are seeing the best market conditions we have seen since March of 2005.

Today, there are 36, 612 single family detached listings actively being marketed in MLS.  That is a decrease of 1,727 in just one week.  At this pace, inventory Valley wide is at a 6 month supply, but the figures for specific areas vary.  Some areas are as low as 3 and 4 month supplies, while others are at a 13 month supply.  Please, contact us if you would like the information regarding a specific area of the Valley.

Total listings, including condos, patio homes and townhomes, active in MLS today is 45,846.

The overall absorption rate (the number of pending sales versus the number of active listings on the market) Valley wide has increased to 20% this week.  Again, the absorption rate is varying by area.  If you are interested in a specific area, please let us know.

If you have any questions regarding our market, or opportunities to take advantage of it, we would be delighted to be of service.