METRO PHOENIX HOME SALES FOR THE WEEK ENDED APRIL 14, 2008

Sorry, I missed this post on Monday. I was a little behind from the Home Remodeling and Staging EXPO.
For the week ended April 14, 2008, there were 1,188 homes that went under contract in the metro Phoenix area. This was the second week in a row homes sales hit this level. Homes sales are better now than they have been in over a year.
The four week moving average moved from 1,071 to 1,109. It has continued to climb and is at the highest level since March of 2007. I expect it to jump up next week. Sales for this week are already leading past weeks. I look forward to getting the 4 week moving average over 1,202. Once that happens we will be at the highest level since June of 2006. I expect to be there by mid June of this year.
It is great to see so much activity. Our phones have been ringing off the hook! We are having one of our best months in over 6 months.
If you have any questions about the market or want to review the sales numbers, don't hesitate to call or email.