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Troy & Mia Erickson's Blog

By Troy Erickson | Agent in Chandler, AZ

Real Estate in Phoenix - The Market is Turning - Believe it or not

Over the last several months, statistics are showing that home sales are increasing, the home inventory is decreasing, and home values are stabilizing for Real Estate in Phoenix. 

Home sales in Phoenix so far this year, January through April, have totaled 23,766, and for that same period in 2008, the total homes sold were 14,569 (a 39% increase).  The sales in Phoenix for April alone were 7,681 - the highest monthly sales we have seen since September of 2005 (Remember, the good ol' days)!

Since May of 2008, the inventory of homes has dropped from 50,483 to 35,063 this April (a drop of 30% in 1 year).

The average sales price of Real Estate in Phoenix also had it's first monthly increase since March of 2008.

All three of these things are signs that the real estate market, at least here in Phoenix, Arizona, is taking a turn for the better.  Hopefully there will be fewer short sales, foreclosures, and bank owned properties cropping up in the future.  I feel that the affordability of housing, along with the first time homebuyer credit, are contributing to the turnaround in perception of the housing market.

See some of our current listings of Chandler Arizona Real Estate, Gilbert AZ Homes for sale, and Queen Creek Homes for sale.

Let me hear how things are going in your area, and if you are showing signs of recovery.

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This representation is based in whole or in part on the data supplied by Arizona Regional Multiple Listing Service. Copyright ARMLS 2009. ARMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by ARMLS may not reflect all real estate activity in the market.

Troy and Mia Erickson

Terra Solis Realty, LLC
Chandler, AZ
 - Chandler Chamber of Commerce Member
602-295-6807 troyandmia@terrasolisrealty.com Chandler AZ MLS Listings
for info about Chandler AZ homes


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