Here are the latest numbers with one substantial change.
Rather than including all of the single-family listings in the Arizona Regional Multiple Listing Service, I've eliminated all non-Maricopa County homes from my totals. (While ARMLS is the "Maricopa County" MLS, many out-of-county listings also are in the system courtesy of member agents.) This resulted in the number of active listings declining by approximately 4,000 this week.
Also, I'm eliminating the second chart of active listings with week-over-week percentage change. As I've spent considerable time arguing that the number of active listings is meaningless without some additional perspective, it doesn't make sense for me to continue providing data I don't feel has any statistical utility.
And finally, now that we're several weeks into this, I'll provide some analysis of the data but likely will do so on a separate post in the interest of space.
Phoenix Arizona absorption rate thru 08/26/06
| CITY |
SOLD 07/27-08/26 |
ACTIVE 08/26 |
Abs. Rate |
Change |
Buyer/Seller |
| Ahwatukee |
19 |
107 |
5.6 months |
- 1.9 mos. |
Buyer/Neutral |
| Anthem |
51 |
828 |
16.2 |
+ 1.2 |
Buyer |
| Avondale |
103 |
1,007 |
9.8 |
+ 0.7 |
Buyer |
| Buckeye |
78 |
767 |
9.8 |
- 0.3 |
Buyer |
| Chandler |
345 |
2,321 |
6.7 |
+ 0.3 |
Buyer |
| El Mirage |
77 |
467 |
6.1 |
- 0.3 |
Buyer |
| Fountain Hills |
32 |
363 |
11.3 |
- 0.1 |
Buyer |
| Gilbert |
317 |
2,634 |
8.3 |
+ 0.3 |
Buyer |
| Glendale |
298 |
2,040 |
6.8 |
+ 0.3 |
Buyer |
| Goodyear |
96 |
1,144 |
11.9 |
+ 0.5 |
Buyer |
| Laveen |
58 |
426 |
7.3 |
- 0.6 |
Buyer |
| Litchfield Park |
39 |
488 |
12.5 |
+ 1.5 |
Buyer |
| Maricopa |
61 |
782 |
12.8 |
- 1.4 |
Buyer |
| Mesa |
436 |
3,079 |
7.1 |
+ 0.4 |
Buyer |
| Peoria |
217 |
1,767 |
8.1 |
+ 0.1 |
Buyer |
| Phoenix |
1,286 |
7,262 |
5.6 |
Even |
Buyer/Neutral |
| Queen Creek |
185 |
2,237 |
12.1 |
+ 0.1 |
Buyer |
| Scottsdale |
313 |
2,829 |
9.0 |
+ 0.6 |
Buyer |
| Sun City |
61 |
433 |
7.1 |
- 0.5 |
Buyer |
| Sun City West |
46 |
356 |
7.7 |
+ 0.3 |
Buyer |
| Surprise |
256 |
2,214 |
8.6 |
- 0.2 |
Buyer |
| Tempe |
108 |
483 |
4.5 |
+ 0.3 |
Seller |
| Tolleson |
42 |
340 |
8.1 |
- 0.4 |
Buyer |
| Waddell |
4 |
107 |
26.8 |
+ 6.2 |
Buyer |
| TOTAL |
4,487 |
34,096 |
7.6 |
- 0.2 |
Buyer |
(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes |
