Realty Executives Phoenix

Shelly S. Smith

Shelly S. Smith

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June 2015 Phoenix Metro Area Real Estate Market Update

(Published on - 7/20/2015 6:26:09 PM)

ARMLS® STAT – July 16, 2015, ARMLS® COPYRIGHT 2015

 

“Supply tightens, demand holds steady” might not be the most glamorous headline but it perfectly describes the first 6 months of 2015 as our inventory numbers have declined every single month. STAT is currently reporting only 19,596 Active (excluding UCB) listings, down 20% from last year at this time. We currently have only 2.69 months of inventory. The low number of homes available for purchase, particularly listings below the $200,000 price level, has led to a significant increase in the median home price this year.

 

Check out the entire June 2015 report here and connect with me on Facebook to get these updates monthly.  Be in the know....

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