April 20, 2024 5:59 am
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Phoenix real estate in September

By Calculated Risk on 10/20/2020

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

1) Overall sales were at 9,305 in September, up from 8,878 in August, and up from 7,850 in September 2019. Sales were up 4.8% from August 2020 (last month), and up 18.5% from September 2019.

2) Active inventory was at 8,400, down from 13,936 in September 2019. That is down 40% year-over-year.

3) Months of supply decreased to 1.48 in September, down from 1.52 in August. This is very low.

Sales are reported at the close of escrow, so these sales were mostly signed in July and August.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.