Total sales for March increased by 1,620, which represents a 22.3% increase over February. Â At the present time, there are only 11,202 homes that are currently active on the market in Maricopa County, which has approximately 1.4 million homes. Â Just 30 days ago, we had over 15,000 homes that were actively listed for sale. The bottom line is that we have a SERIOUS supply problem in today's market. Â This lack of supply is hurting the overall number of sales metric, but is helping the market in many other ways, which I will go over in this months report.
ARMLS recently released the numbers for March/2012 in their monthly STAT Report, and the results are very positive. Â Here is a breakdown of what happened in March in the Metro Phoenix Real Estate Market: