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We have a new record. I recorded 1,221 Single Family Home sales here the Metro Phoenix area for the week ended April 21, 2008.
Single Family Inventory 45,492
Months of Inventory based on Pending 6.3
Pending Home Sales 7,208
Last 7 days Sales 1,221
4 week moving average Pending Home Sales 6,663
4 week moving average Last 7 days Sales 1,173
The market is improving. We are not out of the woods, but things are getting better. This is the highest sales since the week of February 26, 2007, before the sub prime crisis and mortgage meltdown.
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