HOME SALES CONTINUE TO RISE IN PHOENIX

Prices may be down, but sales continue to rise. Last week 939 homes sold or went into a Pending status. Our next goal is to top the 1,000 mark. Last week was the best week since the week of June 11, 2007. Months of supply based on Pending home sales dropped to 9.1 months, down from 9.7 last week and 14.6 at the beginning of the year. The tide is turning, but it moves as slow as a big ship. Well a oil tanker type of ship.
My number are valley wide here in the metro Phoenix area and only count Single Family Homes, SFH. I track weekly cutting off at 3 pm on Mondays. My numbers are taken from the ARMLS.