In the past I would run the numbers throughout the entire state of Arizona. However, I began to wonder what the true numbers are in the GREATER PHOENIX, ARIZONA area. So today I went into the MLS and I selected all the cities in the Greater Phoenix area.

This search includes cites in the East such as Mesa, Tempe, Scottsdale, Queen Creek, etc..., to cities in the North such as Anthem, Paradise Valley, Peoria, etc. This will also include sites in the West such as Avondale, Tolleson, Buckeye, etc..., or in the North West there are cities such as Surprise, Sun City, El Mirage, etc.

This pretty much encompasses the Greater Phoenix area. And the numbers for today's search are 37,411 single family homes for sale. If you we want to include townhomes, condos, lofts and all other listings the number comes to 45,242 for sale. However I feel that including them skews the numbers a little because you cannot compare apples to oranges. So from now on I will be searching single family homes for sale in the Greater Phoenix area.

Now I also ran the numbers for single family homes sold last month and numbers are better than I expected. There were 3,563 single family homes sold in the month of April. If we divide the number of homes for sale by the number homes sold in the month of April we would have just over a 10 month supply of homes for sale in the Greater Phoenix area. Now for those who don't know a healthy market of homes for sale is around a 6 month supply of homes for sale.

If we continue on the pace we are on now, it would only take several months to get to a healthier number of homes for sale. I believe that this year has been better in terms of buyers, more buyers are coming out to see homes and they are very happy with the prices. If we can convince more buyers that the time to buy is now we will have a better, healthier market within a year.