Monday, July 19, 2021

Phoenix Real Estate in June: Sales Up 2% YoY, Active Inventory Down 33% YoY

by Calculated Risk on 7/19/2021 06:18:00 PM

Note: I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"):

1) Overall sales were at 9,661 in June, up 1.6% from 9,508 in June 2020.

2) Active inventory was at 5,866, down 33.3% from 8,792 in June 2020.

3) Months of supply decreased to 1.05 in June from 1.51 in June 2020. This is very low.

Inventory in June was up 12.4% from last month, and up 42% from the record low in February 2021.