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Phoenix real estate in March: Sales up 3%, inventory down 13% YoY

Posted by   /  April 23, 2018  /  No Comments

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By Bill McBride | Calculated Risk

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.

The Arizona Regional Multiple Listing Service (ARMLS) reports (table below):

1) Overall sales in March were up 3.3% year-over-year (including homes, condos and manufactured homes).

2) Active inventory is now down 12.9% year-over-year. 

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  • Published: 2 years ago on April 23, 2018
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  • Last Modified: April 23, 2018 @ 3:48 pm
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