I am definitely a numbers lady and like to see just exactly how we compare to say, 2000. That said, I pulled up the Phoenix Arizona MLS to find out how many active listings we have today, how many are pending - notice we are moving up - and how many have sold since January 1, 2008. I took that same time period from January 1, 2000 to March 17, 2000, and on up to our present time. I see an interesting pattern. It looks to me like were gaining momentum here, and I'm here to share the good news. See what you think!
I am refining my graph skills ;-) I think this is interesting to see from the consumer's point of view. It certainly is interesting to me.
It seems to me that if you look at how many pending we have today, compared to say 3/3/08 when we had 5,112 that we are moving up. The sold total for 2008 down to 2000 from the same time period is very interesting to see. I thought that 2004 was better than 2005, but it doesn't appear that it was. I will watch as time goes by and see what trend there is.
Another thing to keep in mind is: this does not include the new homes. Only resales - however, many of the builders did/do have inventory in the MLS.
So, the GOOD NEWS is, the market is on its way back up. Buyers need to continue - because they are - to step up to the plate and buy now. It is still a buyer's market, but with this obvious trend, it's time to make the move.
Thinking about relocating to Mesa, Arizona? Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. OR visit one of my websites: HomesAzRE.com
, MoveToSunnyAz, or AzLadyInRed, 
for photos of models, floorplans, new construction, resale and more.
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Whether you are buying or selling a property in Mesa or Phoenix, Arizona and beyond, my goal is to provide the tools and resources you need to make a smart and stress free real estate investment.
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Teri~Good news! We love all the good news and your market report looks great.
... And, from the "new homes" front- it's a battle out there and the consumers continue to win with such incentives as: lower pricing, easier financing, seller contribution to closing costs, price adjustment guarantees, etc. Great graphing skills by the way!
Teri, I am not following the stats in our area, but we do have several high-income areas that either are maintaing their value or have increase in value over the last several months. These are areas that are land locked, only a lot here and there to build on. I hope that the momentum does pick up. AJ
Teri - Kudos on the positive outlook in your market, love the good news and keep them coming! :)
AJ, I love to watch what's going on every day. I'm somewhat of a fanatic. That way I can tell which way the market is heading.
Justin, thank you. It hopefully will keep climbing. I'm certainly keeping a watchful eye on what's going on every day!
Teri, good to see the numbers trending back toward balance in your area. Very sharp graphs.
Gary, thank you. I'm working on them.....;-)
WOW! 56,000 + active listings... WOW! Im reading your blog and its sounds like things are getting better, but WOW! there are a lot of active listings... whats your market time?
Freddy, probably still averages six months, if it is priced effectively. I did, however, sell one listing in two days. Typically they sell much quicker IF they are under 200K, IF they are in a gated community and IF they are sitting on a golf course lot! ;-) In January 2005, we were down UNDER 7,000 active listings. Keep in mind that this is our MLS which includes other cities out of our area.......