Active MLS Listings from March 2008 to April 2009
Originally uploaded by Emmy Mcleish
What goes up must come down? Well, we have all seen enough of falling prices with the Phoenix market correction over the last 2 years. But here, going down is great news. As we see on this chart active listings are down approximately 10,000 from a year ago. 3000 of that drop in active listings was just last month. We still need less listings for the market to be considered normal, but this is great news to see the number of actively listed home home decreasing at a nice pace. 5% interest rates, 2001 pricing in most areas and a $8000 tax credit for first time home buyers has certainly spurred the sale of homes this year.
