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January ARMLS Reports

Resale Listings

The listing count reported in the January Arizona Regional Multiple Listing Service (ARMLS¹) Reports, which were released on February 16^th, was 41,506—up 2,882 listings from the December reports.  In March the listing quantity dropped below 50,000 for the first time in 27 months.  The declining trend has continued, taking the count to less than 40,000 for the first time in three years. However, this current level remains 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 January dropped 24.4% from the December sales figure with a decrease of 1,872.  On an annually adjusted basis sales were up 1,053 or about 22% from January 2009.  This is the ninteenth consecutive month that there has been an increase in sales over the same month in the prior year. 

January’s sales quantity is typically lower than December’s, so this month’s change is following the normal calendar cycle.  In the 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.

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