Phoenix Housing Market Reports By City and Zip Code AddedPosted by Artur Ciesielski on Sunday, October 2nd, 2011 at 9:30am.
Along with the due diligence items above you should also know how the Phoenix housing market is performing. Some of the basics that you should know are. Inventory or how many homes are active and how many are selling. The will tell you how quickly these are being absorbed. The normal balance in the Phoenix market is about 4 months, but it depends also on the specific segment. The higher priced the segment the more months or inventory are normal.
You also want to know what the sales price to list price ratio is. This will tell you the general market discount or what percentage of the asking price are people paying. Keep in mind that it may be over 100% if it is a hot market.
There are several data sheets available in addition to our continually added disseminated market reports. The data and graph sheets we added are live and always updated. They allow you to see active listings, sales per month, price per square foot for both sale and actives and foreclosure data including notices of trustee sales and completed trustee sales: these can be viewed by city and by zip code.
View the current housing reports and graphs.
Written by: Artur Ciesielski | tel. 602.492.8004 | e-mail: firstname.lastname@example.org
Artur is a Realtor and partner with inPhoenix Realty Group of HomeSmart Elite Group and Absolute Exhilaration and an aspiring flaneur. View my personal site for other writings and photos: The Rational Flaneur.
Currently he's in Phoenix or elsewhere when time allows, which is rarely, but that is going to change. You can find him running up miles on his car listening to NPR, cycling the urban Phoenix, in the office on Central or working at one of the many coffee bars in Urban Phoenix.
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