Total Active Listings as of May 9, 2014 = 26,292*, approximately a 3.43 months supply
Total May 2014 Closings for metro Phoenix 7,508, are down from 7,673 closings in April however active listings are also down 1,052 from a month ago and at a level that hasn’t been seen since last December.
Sun Lakes is on top with a 50% absorption rate, but as the snowbirds go back north, there are typically less listings and I’m sure the closings will drop this coming month too for the same reason. Tempe is in 2nd place with 43% and then Mesa at 38%.
*(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)