From Date       To Date

Resale Listings Continue to Climb

ARMLS compiles monthly data to release reports about the previous month’s activity on approximately the 15^th of each month.  In this rapidly changing market, using the Arizona Regional Monthly Listing Service (ARMLS) Sales Reports exclusively may delay your timely identification of market changes.   You need to know what has happened since the last report was compiled for February (and released in mid-March) to assess development of trends in late February through early April.

Real-time Information

For the last couple of weeks the growth in the listing rate has declined from around 1,000 per week to 600.    Although the rate has slowed during this period of time, the quantity of listings continues to grow.  From January 1 to April 8^th, 12,644 additional listings have been added to the inventory count!

Resale Listings April 14, 2005 – April 8, 2006

 

<!--[if !vml]--><!--[endif]-->

Resale Listing Numbers

 

The six-month trend line in the graph below is also based on a real-time representation of what is happening in the listing arena. 

Listing Trend October 8, 2005 – April 8, 2006

 

<!--[if !vml]--><!--[endif]-->

Commentary

 

Over the last two weeks, the rate of increase in new listings slowed.  It appears that the trend may be moderating slightly; however, two weeks is too short of a time frame to accurately predict a definitive change.  Growth of resale listings remains high.