RSS Feed by Calculated Risk on 2/17/2021 09:20:00 PM
Wednesday, February 17, 2021
Phoenix Real Estate in January: Sales Up 11.8% YoY, Active Inventory Down 58% YoY
The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"):
1) Overall sales were at 7,066 in January, up 11.8% from 6,328 in January 2020.
2) Active inventory was at 4,867, down 58% from 11,602 in January 2020.
3) Months of supply decreased to 1.34 in January from 2.54 in January 2020. This is very low.
Sales are reported at the close of escrow, so these sales were mostly signed in November and December.
