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Aviano Homes for Sale - Valley Statistics


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Blog by Doug Ingersoll | July 14th, 2014


Fletcher Wilcox is one of 2 statisticians in the Valley who really know their stuff. Here is his most recent Wilcox Report and it is all good news:

New post on The Wilcox Report

 

 


June 2014 New Monthly Listings Drop Below Last Year’s Level. Mortgage Purchases Increase

by Fletcher Wilcox

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For the first time this year, new monthly listings of existing single family homes dropped below last year's level.  The number of new listings of single family homes in June 2014 was 404 or 5.7% less than June 2013.  In the first few months of 2014, new monthly listings were up over ten percent per month compared to last year, then the number of new monthly listings started trending downward.

Table: New Monthly Listings of Single Family Homes in Greater Phoenix


2013 June

 2014 June  

       Change   

   % Change      

January

7,034

7,977

943

13.4%

February

6,292

7,196

904

14.4%

March

7,114

7,835

721

10.1%

April

7,224

7,490

266

3.7%

May

7,343

7,401

58

0.8%

June

7,049

6,645

-404

-5.7%

How long will buyers have more inventory choices?  Even with the recent decline in new monthly listings, buyers still have more choices than last year.  Currently there are 16,840 active single family listings compared to 10,190 at this time last year.

Table: Mortgage Purchases Increase, Cash Purchases Decrease for Existing Single Family Sales in Greater Phoenix


2013 June

2014 June

Change

% Change

Cash Purchases

2046

1145

-901

-44.0%

Mortgage Purchases

3976

4340

364

9.10%

Total Sales / Purchases

6022

5485

-537

-8.90%

A more comprehensive report for June 2014 sales in Greater Phoenix will be out soon.

Fletcher Wilcox Real Estate Analyst at Grand Canyon Title Agency, Inc.Fwilcox@gcta.com   602-6148-1230

Fletcher Wilcox | July 14, 2014 at 8:18 pm | Categories: Arizona Real Estate MarketGreater Phoenix Real EstateHomes for SaleMortgage PurchasesThe Wilcox Report | URL:http://wp.me/p3swvy-8D

Doug Ingersoll   480.330.0735   doug0735@gmail.com