A Look at the Valley's Mid Month Market Supply

The mid month market is now at a 3.6 months of supply. The valley is now down to 33,411 active listings. Sales continue to be strong at 9292 for the last month, with 95% of the sales $400,000 and under. 62% of the sales for the last month were bank-owned properties and the inventory remains at 14 % of the total.

Below is the supply for the cities in the Valley:

Valleywide  3.6

Luxury over $1.0 Million  30.9

Maricopa and Queen Creek 1.8

Goodyear and Litchfield 1.9

Apache Junction and Queen Creek 2.4

Peoria and Glendale 2.4

Awhatukee 3.3

Scottsdale 8.5

Fountain Hills 9.1

Cave Creek and Carefree: 11.1

Paradise Valley 18.2

Specific Areas in the Valley:

East Valley 3.5

Central Corridor 7.1

Arcadia 10.9