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Takeaways

  • Number of for-sale houses hitting the market down a bit
  • BUT number of houses listed for sale up 20% from two week earlier
  • Number of houses going under contract to buyers down 14%
  • Recent sales haven’t been hit by Corona because they were already in escrow when Corona hit
  • BUT in next few weeks we’ll see Phoenix sales fall as the pre-Corona escrows move through the pipeline and we start to see he impact of fewer houses going under contract to buyers