Here's this week's updated stats. Single-family homes only, as reported thru ARMLS:
In the next week or so I'm hoping to obtain some back data so I can have trends longer than the five weeks or so I've been tracking. Not that I expect any surprises ... there's a lot of property on the market, and probably will be until some of the builders' inventory disappears. Once those homes (and the attached incentives) are gone, then I believe you'll see a significant dent in the number of actives and a pickup in the sales pace.
Phoenix real estate absorption rate, thru 8/19
| CITY |
SOLD 7/20-8/19 |
ACTIVE 8/19 |
Abs. Rate |
Change |
Buyer/Seller Mkt |
| Ahwatukee |
14 |
105 |
7.5 |
- 0.5 |
Buyer |
| Anthem |
54 |
808 |
15.0 |
+ 0.3 |
Buyer |
| Avondale |
111 |
1,005 |
9.1 |
+ 0.1 |
Buyer |
| Buckeye |
77 |
775 |
10.1 |
+ 0.6 |
Buyer |
| Chandler |
359 |
2,305 |
6.4 |
- 0.4 |
Buyer |
| El Mirage |
75 |
478 |
6.4 |
- 1.1 |
Buyer |
| Fountain Hills |
32 |
365 |
11.4 |
- 5.3 |
Buyer |
| Gilbert |
331 |
2,653 |
8.0 |
+ 1.0 |
Buyer |
| Glendale |
308 |
2,015 |
6.5 |
+ 0.2 |
Buyer |
| Goodyear |
100 |
1,141 |
11.4 |
+ 0.7 |
Buyer |
| Laveen |
53 |
419 |
7.9 |
- 0.3 |
Buyer |
| Litchfield Park |
43 |
478 |
11.1 |
None |
Buyer |
| Maricopa |
54 |
766 |
14.2 |
+ 1.0 |
Buyer |
| Mesa |
460 |
3,098 |
6.7 |
+ 0.4 |
Buyer |
| Peoria |
220 |
1,754 |
8.0 |
+ 0.1 |
Buyer |
| Phoenix |
1291 |
7,210 |
5.6 |
+ 0.1 |
Buyer/Neutral |
| Queen Creek |
189 |
2,260 |
12.0 |
+ 0.2 |
Buyer |
| Scottsdale |
336 |
2,826 |
8.4 |
+ 0.5 |
Buyer |
| Sun City |
56 |
427 |
7.6 |
- 0.7 |
Buyer |
| Sun City West |
49 |
363 |
7.4 |
- 0.6 |
Buyer |
| Surprise |
251 |
2,207 |
8.8 |
+ 0.1 |
Buyer |
| Tempe |
110 |
458 |
4.2 |
+ 0.1 |
Seller |
| Tolleson |
40 |
341 |
8.5 |
- 0.1 |
Buyer |
| Waddell |
5 |
103 |
20.6 |
- 8.1 |
Buyer |
| Total |
5,050 |
39,181 |
7.8 |
+ 0.1 |
Buyer |
And the actives with percentage change:
Phoenix area active real estate listings as of 8/19
| CITY |
ACTIVE 8/19 |
% CHANGE |
| Ahwatukee |
105 |
+ 1.0% |
| Anthem |
808 |
- 0.4% |
| Avondale |
1,005 |
- 2.9% |
| Buckeye |
775 |
None |
| Chandler |
2,308 |
- 1.6% |
| El Mirage |
478 |
- 1.6% |
| Fountain Hills |
365 |
- 0.5% |
| Gilbert |
2,653 |
+ 1.3% |
| Glendale |
2,015 |
+ 0.9% |
| Goodyear |
1,141 |
+ 1.0% |
| Laveen |
419 |
+ 0.2% |
| Litchfield Park |
478 |
+ 2.4% |
| Maricopa |
766 |
- 1.7% |
| Mesa |
3,098 |
+ 1.6% |
| Peoria |
1,754 |
+ 1.4% |
| Phoenix |
7,210 |
None |
| Queen Creek |
2,260 |
- 0.3% |
| Scottsdale |
2,826 |
- 0.6% |
| Sun City |
427 |
- 1.8% |
| Sun City West |
363 |
+ 1.4% |
| Surprise |
2,207 |
+ 0.5% |
| Tempe |
458 |
+ 0.4% |
| Tolleson |
341 |
+ 1.5% |
| Waddell |
103 |
+ 19.8% |
| Total |
39,181 |
+ 0.5% |
(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes |
