An Observation of the greater Phoenix housing market

Whoa! Is this a coincidence or a new trend.  Today as I was searching through the ARMLS (Maricopa County, greater Phoenix housing) I came across two new listings in two different parts of town that were not flip, short sale or REO but good old fashioned traditional equity sales (I checked tax records).  Just yesterday we got the news we're down to 3.33 mnths of inventory in the valley based on the active listings in the MLS but now I have to ask, is this a coincidence or a trend?  I'd love to hear your thoughts and opinions on this.

Uzi Husain

inventory is low???

I just read our inventory in Maricopa county is now at 3.33 months - this is terrific news and a sign of recovery - we don't know what the crystal ball has in store for us next but we'll take all positive news as it comes - if you've been thinking about selling your home or investment property whether as a traditional equity sale or a shortsale now is the time to consult with your favorite realtor.