Phoenix Real Estate- May 2009 Market Statistics

Sales are strong, pending sales are increasing and inventory continues to decline. The sales price seem to be leveling off.  Are we at the bottom?  Time will tell.  Distressed sales (Foreclosures and short sales) continue to dominate sales.  The last chart shows the percentage of homes that are distressed for each Phoenix area city.

Tables and charts from The Cromford Report using data from public records and  data licensed from the Arizona Multiple Listing Service (ARMLS).