Market Update

The National Association of Realtors (NAR) reported in their pending home sales index, which measures the volume of homes under contract, a jump to 19.8% in June verses last June which suggests home sales in the later part of 3rd quarter could surpass the fall of 2010 sales volume.

Today in the Arizona Regional MLS there 17,853 homes under contract and only 15,871 currently available for sale - for the first time in history we have more sale pending homes than homes for sale in our market! If you are thinking about buying or selling, please give us a call today. It is a great time to be a part of history as our market continues to show signs of improvement! I look forward to hearing from you soon.

Source: ARMLS Economic and Market Watch Report, 2nd quarter 2011