Market Snap Shot – March, 2017

Sunday, April 30th, 2017 azrealtycom

As of March 31, 2017, we sit at 19,397 active listings. Sales are at 8,943 for the month of March 2017, up by 2,053 units since January, 2017! Pending sales are 7,714 vs. a quarter ago at 4,935. We are currently at 2.2 months of supply. Traditionally, 3-4 months of supply indicate a balanced market.

March resale homes and new builds in Maricopa County were 10,818. In December, they were 8,685. It was 9,639 March, 2016. This is a 12% increase year over year.

1st quarter of 2017 was reported record unit sales since quarter 1, 2006!

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