At April 2, 2013, the index was at 161.0, putting the index firmly in a "Sellers Market." The index changed downward slightly from mid Feb, as the demand for homes declined. The available inventory also continues to decline.
How to Read: anything under an index of 100 is considered a "Buyers Market" i.e. the supply exceeds the demand. When the index is over 100, it means that the demand exceeds the supply of listings and is considered a "Sellers Market."
The latest report from S&P/Case-Shiller® has the Home Price Index® for Phoenix at 125.33. The number of active listings is beginning to dwindle, which will drive up the demand in the coming months.
The charts show "normal" (non-distressed sales) prices per sq. ft for Phoenix, Scottsdale, Fountain Hills & Carefree. Prices over the past twelve months for these areas have increased 13%.
Lender Owned and Preforeclosures are shown by Phoenix Metro area city. Comparing same month, year-over-year, the charts show the decreasing numbers of distressed property sales. The Pre-foreclosure category, referred to as "short" sales, includes those properties that have started the foreclosure process but have not yet had the trustee sale.
Monthly LISTING/Sales Activity
These usefull dashboards show listings, sales, and appreciation comparisons for month over month, quarterly, last year & two years ago. Charts compare monthly distressed sales, year-over year; information reflects the strengthening real estate market as the decreasing numbers of distressed properties are removed from the inventory.