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November ARMLS Reports

Resale Listings

The listing count reported in the November Arizona Regional Multiple Listing Service (ARMLS)¹ Reports, which were released on December 16^th, was 56,227—up 524 listings from the October reports.  The listing quantity declined in April through July, and has now returned to approximately the same level as April 2007.  With the exception of December 2007, the listing count has been fairly flat for the last twelve months.  This current level, however, is substantially above the record level of listings prior to January 2005 which was 30,046 listings in February 2003. 

Resale Sales

ARMLS-reported sales for November dropped 18% from the October sales figure with a decrease of 967.  On an annually adjusted basis sales were up 1,099 or about 33% from November 2007.  This is the sixth month that there has been an increase in sales over the same month in the prior year since October 2005.  November’s sales quantity typically drops a little from October’s and seems to be following the normal calendar cycle.  In this normal calendar cycle, sales tend to be highest in the summer and then gradually taper off over the next few months before resuming the climb during the first quarter of each year.  The winter months are consistently the lowest in sales. 

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Our sources of data for these displays are the ARMLS reports.  In these, there are three months, January – March 2005, for which we have not shown listing data because of apparent discrepancies.  Additionally, ARMLS notes that the listing information for March through August 2002 may contain errors, but we have chosen to display this reasonable data above.

¹ (ARMLS) Arizona Regional Multiple Listing Service empasses most of Maricopa and Pinal Counties.

Note:  This report was prepared utilizing numbers from an adjusted August 2008 report published by ARMLS after the distribution of the August In-Depth Analysis Newsletter.  In all cases the impact of these adjusted numbers  is less than 1%.