Home resales surge

By Sherry Butler | Southeast Valley Ledger

May was another blow-out month for re-sale transactions with very strong sales counts and dollar volume according to the Michael Orr Cromford Report summary. Supply still remains very constrained but despite the big sales count we are starting to see a few signs of weakening demand. If the market can’t attain balance by strengthening supply it can do so by suppressing demand instead. This is not a change in market direction, just a natural cooling off as obstacles for buyers start to get harder to overcome.

The Arizona Regional Multiple Listing Service numbers for June 1, 2013 relative to June 1, 2012 for all areas and types are as follows:

Continued: http://santanvalleytoday.com/pages/home-re-sale-transactions-remain-very-strong/

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June 19, 2013

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