Blog of Craig's Arizona

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 [...]

Excerpt from October 2010 ARMLS STAT

SALES Month over Month

The sales increase seen in August was reversed in September with 6,764 listings sold, compared to 7,358 sold units the month before. This represents an 8.1% decline in sales and the lowest sold units since February. With the exception of the teaser increase in sales in August, the overall trend [...]

From the SEPTEMBER 2010 ARMLS STAT Report

NEW INVENTORY

New listings added to the market increased from 12,407 in July to 12,849 in August. This represents a 3.6% increase over both the previous month and year. In August, 4,051 or 31.5% of new listings were new short sale listings. This represents a 4.9% increase in new short sale [...]