***NEWS FLASH***
Single family home listings in the ARMLS system fell to 29,969 today to a symbolic mile marker on th road to real estate recovery in the Phoenix metro market. Overall listings, including condos, mobiles, etc, stand at 38,481, a substantial improvement over the peak of 58000+, and down significantly from the 52,000+ at the beginning of the year. The single family home market now has approximately a 4 month supply, given current inventory and April's sales figures of 7600+ single family homes.
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