Total Active Listings as of March 5, 2014 = 26,544*, approximately 4.83 months supply
Total March 2014 closings for Metro Phoenix=6,743
Sun Lakes jumped from a 24% absorption rate to 40% this past month while Chandler, in 2nd place, jumped from 29% last month to 37%. Mesa, in 3rd place jumped from 25% to 33%. Closings in the southeast valley jumped from 2,203 in February to 2,814 in March.
If you are thinking of buying, selling or would like an in-depth analysis of a specific area, please contact me.
*(Note: these are MLS statistics only, which means sales that are not entered into the MLS will not be included in this information. Also these do not include properties that are UCB (under contract accepting backups) or pending status and are strictly active listings)