Phoenix Home Sales
Metro Phoenix single family home sales (blue line) in October (6,464) were the most sold in any October since October 2009 (7,034) when sales were pumped up by the $8,000 first-time home buyer tax credit.
Factoid: More than twice as many homes sold in metro Phoenix in October 2011 (6,464) than in October 2007 (3,194).
Phoenix Housing Inventory
The number of homes listed for sale in metro Phoenix (red line) stopped falling (more or less) in October and increased slightly in November.
Compare 2011 to 2009 when the inventory of homes leveled off in August (much more typical) instead of October.
Phoenix New MLS Listings
In October 2011, we only had 9,654 new listings hit the market which is a 20% decline in new listings compared to October 2010 when we had 12,054 new listings hit the market.
In fact, the number of new single family homes hitting the metro Phoenix market in October 2011 was lower than any October in more than 10 years.
Phoenix Home Prices
The Phoenix median home price (green line) declined a bit ($500) in October to $120,000 compared to September. The median price often weakens in the fall.
Chart Above Wins Award
I made Tableau’s “Top Vizzes of Q3 2011“!
The “viz” above was ranked as the #34 best Tableau Viz in the 3rd quarter. Looking at the other winners, I’m keeping pretty nice company!
I spend a ton of time trying to make the Phoenix real estate market as easy to understand as possible so it’s cool they noticed.