The number of listings on the Phoenix real estate market has remained relatively stable over the last 7 months. The chart indicates 33,278 active listings on the Phoenix real estate market to begin January 2010, just 319 less than during the beginning of December 2009.
Active listings reached their peak near the middle / end of 2008. The decline began in early 2009, reaching a low point in September with 30,995 active listings on the Phoenix real estate market. The period of relative stability began in July, and the 7 month average since July has equaled approximately 32,000 active listings.
The decrease in listings was due primarily to 2 factors: the moratorium on foreclosures and the number of “normal” sellers that canceled their listings or chose not to put their home on the market.
Here is a snapshot of active listings in some of the more popular cities around the Phoenix real estate market.
|City||Active Listings||% of Total|
These 10 cities are some of the more popular and well known within the Phoenix real estate market.