This Month's Snapshot of the Market ~

Currently, 94% of the sales for the last 30 days are under $400,000. The $1.0 Million Plus market is still slow with a 2.4 years of supply. The total numbers of homes on MLS are at a 3.6 months of supply. Bank Owned homes have dropped down to 55% of the total sales for the last 30 days.

Here is a view of the months of supply of homes in different areas of town:

Goodyear, Litchfield, Avondale 2.0

Peoria and Glendale 2.6

AJ and Queen Creek 2.8

Single Family Valleywide 3.1

East Valley 3.2

Northwest 3.9

Ahwatukee 4.1

Fountain Hills 7.3

Scottsdale 7.5

Central Corridor 10.4

Cave Creek and Carefree 10.4

Paradise Valley 25.9

Arcadia 28

Luxury Valley wide 29.0