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Stats and Analysis of the Phoenix Real Estate Market

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Blog by Doug Ingersoll | January 21st, 2016

From elliott D. Pollack & Company Monday Morning Quarterback:

Arizona unemployment claims came in at just over 28,000 for the week of January 9th. This is up on a week over week basis
but, overall, down by 8.2% from a year ago.
Both enplanements and deplanements at Sky Harbor were up in November.  Enplanements were up 4.5% from a year ago
and deplanements were up 3.5%.  This is good news for tourism.
The Greater Phoenix single family market showed a significant month over month increase in sales for the month of December,
jumping 27.1%.  This is also 5.4% higher than sales activity over the previous year. 
The median single family home sales price in December was reported at just over $230,000 which is an increase of 8.0% from
last year and an increase of 2.7% from just one month ago.
Total residential listings are down 8.0% from a year ago and were reported at just over 23,000 listings for the month of
December. At the current pace of sales, this represents a 3.4 month supply of homes.

Here is the December 2015 issue of STAT brought to you by the fine folks at Arizona Regional Multiple Listing Service. They own the database so these numbers are as real as it gets. TRID is impacting conventional loan timeframes.

Check out this graphic on foreclosures. Thank the Lord that ugliness is over.
foreclosure numbers.png