Maricopa County Charts - September 2012
We've been watching this "market correction" for a long time now, and there's still a lot of uncertainty about what's coming next. Here are a few charts worth noting this month..
Number of New Vacant Listings
This chart shows how many homes went up for sale as vacant homes. Obviously, a "normal" market will not have thousands of vacant homes for sale each month.
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Average Price per Square Foot of Sold Homes
You can see how prices shot up dramatically in the first half of the chart (21% increase in 7 months). And while prices are still increasing, the rate of increase has slowed. (3.4% in the last 4 months).
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Number of Homes Sold
The number of homes sold has held within the 5,000 - 6,000 range over the last year, with a couple months slightly outside that range.
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Numbers represent Single Family Dwellings in Maricopa County. All data was pulled from the Arizona Regional Multiple Listing Service (ARMLS) and is believed to be accurate but not guaranteed.
-Chris Butterworth
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