John Wake analyses the Phoenix real estate market using Phoenix MLS (Multiple Listing Service) data. The metro Phoenix MLS comes out with new data each month on the number of homes sold, the median price of the homes sold, the number of unsold homes listed for sale, and the number of new listings that hit the Phoenix market each month. See all past “Phoenix Real Estate Market at a Glance” reports on a single page.
- The inventory of homes listed for sale in the MLS continued to increase in March although I had expected it to fall, as it would in a normal year. The increase reflects a ton more homes hitting the market this year compared to last and a lower number of sales, both because home prices are significantly higher this year compared to last.
Watch the video for a discussion.
Video covers data through February 2014 for home sales and price and through March 15 for housing inventory on the Phoenix real estate market.