Market trends in Phoenix for the past 30 Days

30-Day Market Snapshot as of 12/17/11
(from ARMLS for past 30 days – residential sales only)

These numbers mean there is currently only 2.55 months of inventory (2.79 last week)
(Active listings divided by sold listings!!!!)

Active listings in ARMLS 19,183 (19,394 last week)

Active with contingency 7,253 (7,337 last week)

Pending sales 10,196 (10,435 last week)

Sales in last 30 days 7,513 (6,959 last week)

Cancelled in last 30 days 1,753 (1,653 last week)

Expired in last 30 days 646 (606 last week)

Temporarily Off Market-last 30 days 608 (567 last week)