http://www.showscottsdale.com/home_page/housing_market_update/housing_market_update.php
August 2010 Overview - Single Family Homes
Number of new listings: 9,397
Total number of active listings: 30,643
Number of sold listings: 5,333
Average selling price: $186,820
Sale price to listing price ratio: 97%
Average days on market: 100
Number of months of inventory: 5.7
• 36% of sold listings were lender owned, 30% were short sales, and 34% were normal sales.
• The number of active listings had been gradually decreasing, however this number has been increasing for the past few months.
• The number of sold listings increased 2.2% from 2nd quarter 2009 to 2nd quarter 2010.
• The average selling price increased 7.0% from 2nd quarter 2009 to 2nd quarter 2010.
• Number of months of inventory is down slightly from the previous month. A 5-7 month supply is considered balanced. Less than 5 months is considered a “seller’s market”. More than 7 months is considered a “buyer’s market”.
Number of Months of Supply of Housing:
Ahwatukee 5.1
Apache Junction 5.3
Buckeye 4.6
Cave Creek 6.9
Fountain Hills 11.8
Paradise Valley 10.6
Peoria & Glendale 4.6
Phoenix - Camelback Corridor 9.4
Scottsdale 8.4
Luxury Homes ($1Million +) 22.1
East Valley 5.3
Northwest Valley 5.1
Southwest Valley 4.5
Valleywide 5.8
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