2009 The Latest Phoenix metro area real estate trends

Gary Scott

Phone
(480) 948-0550
Mobile
(602) 402-8594
Toll Free
(866) 464-2140

E-Mail Us

John Hall & Associates

9366 E. Raintree Dr. #101
Scottsdale, AZ 85260

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Gary Scott

Phone
(480) 948-0550
Mobile
(602) 402-8594
Toll Free
(866) 464-2140

E-Mail Me

John Hall & Associates
9366 E. Raintree Dr. #101
Scottsdale, AZ 85260

Scottsdale Real Estate, Phoenix Real Estate, Scottsdale Homes for Sale, Scottsdale Az Real Estate Listings, Scottsdale Az Homes

2009 The Latest Phoenix Metro Area Real Estate Trends

The Arizona Regional Multiple Listing System (ARMLS) just released their real estate report for Quarter 1 2009. The information is relevant to the overall market health.

This letter by Ken Fears explains the current economic trends of the greater Phoenix metro area real estate outlook. The latest real estate trends and what this means for the future of the Phoenix area real estate.

The Trends article, “Changing Season, or Changing Market”, is interesting and provides definitions for some of the frequently used real estate terms we are hearing lately. For instance, when you hear statistics referring to “Months Supply’, this is defined as the inventory divided by the number of sales in the most recent period (or supply / demand). Most ‘experts’ agree that for our area a 4.1 months supply is the norm – meaning the monthly market supply does not favor either buyer or seller.

There are many reports available computing current ‘Months Supply’ as well as other pertinent real estate statistics for individual cities and zip codes. If you would like more details for a city or even a specific zip code, feel free to contact me for additional information.

Arizona remains a popular and desirable relocation destination.

For additional information regarding Scottsdale and Phoenix area real estate

please send direct e-mail request Realtors Gary and Claudia at garyandclaudia@cox.net

or call our Toll Free Number 866-464-2140