Month-over-month Active Listings remained the same and the good news is in the 6.1% increase for the Listings that went under contract this last month. Closed sales decreased by 22.1% but this drop was expected due to the forced unemployment and furloughs which resulted in buyers not qualifying for financing. This will be an important number to watch to see if these buyers come back to the market. Median Sales Price was down by 3.3% but this was driven by the decrease in home sales that were greater than $500K.

 

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Mary Platt

Designated Broker

(602) 618-6764

Mary@PlattTeamAZ.com