August'11 will beat August'10
Inventory Still Falling
Pending: 12,190 ( -79 from last week)
Pending Sfam: 10,630 ( -93 from last week)
AWC: 7,483 (-20 from last week)
AWC Sfam: 6,774 ( -43 from last week)
Active: 19,412 (-187 from last week)
Active Sfam: 15,310 (-123 from last week)
Closed 8/22-8/28: 1,885 (+47 from last week)
Closed sfam: 1,661 (+99 from last week)
Closed MTD: 6,851
It looks like August is going to be a good month for sales; this month has surpassed sales as of today; if tomorrow is a typical last day of the month, we will expect to blow past last year by a good 10%. I am not sure if it surpasses July, but it is pretty solid nonetheless. The pending numbers seem to be holding up as well. The new inventory numbers for August are saying down as well. It might cross into the 10,000, but it will be close. Our slow season isn't turning out to be that slow, frankly.
We are starting to see the effect of the slimmer inventory now. I have been looking for some rental properties for some clients, but it is getting difficult to find quality at a lower price. Certain areas are selling better than others; I don't think Maryvale will recover anytime soon, but hot areas are rebounding to some degree.
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