There are currently 10,479 active listings (single family homes) for the Phoenix Real Estate Market. For the month of May there where 2561 new listings, 1260 pending sales and 984 sales. The current absorbtion rate or inventory of homes is currently 10.6 months for single family homes in Phoenix.
The average sale price for a Phoenix home in May 2008 was $261,272, compared to an average sales price of $260,111- showing a ever so small increase, but the good news- it did not decrease.
Full time Realtor serving Phoenix, AZ specializing in the East Valley cities of Gilbert, Tempe, Queen Creek, Chandler, Maricopa and Phoenix
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