Single Family Home Sales in Greater Phoenix by month and year totals. Sales of single family homes in Greater Phoenix were down again, not only from the previous month from 3,610 in October to 3,280 in November, they were also lower by 35% from last year from 5,040 to 3,280. (Percent Change from previous year) | 2005 | % | 2006 | % | 2007 | % | | January | 9,360 | x | 5,260 | -44% | 4,520 | -14% | | February | 7,935 | x | 5,460 | -31% | 4,280 | -22% | | March | 10,035 | x | 7,265 | -28% | 5,385 | -29% | | April | 8,735 | x | 5,980 | -32% | 4,855 | -19% | | May | 10,425 | x | 6,870 | -34% | 5,220 | -24% | | June | 11,545 | x | 5,460 | -53% | 4,910 | -10% | | July | 10,200 | x | 5,545 | -46% | 4,330 | -22% | | August | 10,700 | x | 5,685 | -47% | 4,240 | -25% | | September | 9,815 | x | 4,875 | -50% | 3,050 | -37% | | October | 8,420 | x | 4,985 | -41% | 3,610 | -26% | | November | 7,195 | x | 5,040 | -30% | 3,280 | -35% | | December | 6,480 | x | 4,260 | -34% | | | | YTD | 110,835 | x | 67,035 | -40% | 47,690 | | | Total | 110,835 | x | 67,035 | | | |
(Date from ASU Polytechnic graphed by Artur Ciesielski, CCIM) Year to date 47,690 homes sold. A respectable number even compared to the 62,515 that sold last year and the 104,360 that sold in 2005. The only thing that makes this current year to date number look bad is the large over supply of homes. Inventory is near 58,000 and it will remain high for some time. |
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