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For 4 years I’ve volunteered and served on the Arizona Regional Multiple Listing Service Committee. I wanted to make a small dent in the company and improve it by challenging it to think outside of the box. In that time, I feel that I’ve gained more knowledge and understanding of our system than I necessarily [...]
About a year ago, I spoke of the dream of seeing a state-wide MLS. Today, that dream is coming closer to realty, AAR Board of Directors approved a plan to move forward with purchasing ARMLS of the Valley Boards and start work on the dream. I’d like to take credit, but I really wasn’t that [...]
Excerpt from October 2010 ARMLS STAT
LIST PRICES
Median List Price which has been on a downward trend since February, finally pulled out of the nose dive to realize a nominal increase in September, rising a meager .1% to $130,000 from $129,900 in August. More discouraging is the decline of 10.3% in the Me- dian List Price [...]
Excerpt from October 2010 ARMLS STAT
MONTHS SUPPLY OF INVENTORY (MSI)
Not surprisingly, as monthly sales decline and the influx of new listings has held steady in the 12,300 – 12, 850 range, the Months Supply of Inventory which had been in the 4.5-4.7 months range (a Seller’s market) from March through June, has increased steadily from June [...]
Excerpt from October 2010 ARMLS STAT
NEW INVENTORY
The trend of new inventory to the market since June has held steady with an average of 12,540 new listings per month. September’s 12,601 new listing figure represented only a .48% deviation from the recent four month average. In Q4 2010, ARMLS expects the new inventory figures to hold steady or [...]
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