Friday, March 10, 2006

Phoenix housing bubble deflation update

Not only are there 33,270 homes for sale in Phoenix, 14,601 of them are currently vacant. Many speculators purchased homes and never lived in them so that they could be resold in "new" condition.

The average price of homes listed for sale is $484,594. The number of pending sales is 8,125. The average price of the pending sale homes is $378,573.

(From Ben Jones' Housing Bubble Blog.)

1 comment:

Jim Lippard said...

Forgot to link to previous #'s:
http://lippard.blogspot.com/2006/01/phoenix-housing-inventories-for-sale.html

And the ziprealty numbers for Phoenix listings are higher (continuing from where the previous left off):

1/31/2006 32,563

2/1/2006 32,684
2/2/2006 33,087
2/3/2006 33,145
2/4/2006 32,953
2/5/2006 33,368
2/6/2006 33,576
2/7/2006 33,550
2/8/2006 33,684
2/9/2006 33,844
2/10/2006 34,234
2/11/2006 34,588
2/12/2006 34,753
2/13/2006 34,815
2/14/2006 34,815
2/15/2006 34,816
2/16/2006 34,816
2/17/2006 35,144
2/18/2006 35,427
2/19/2006 36,260
2/20/2006 35,443
2/21/2006 35,642
2/22/2006 35,503
2/23/2006 35,324
2/24/2006 35,178
2/25/2006 36,388
2/26/2006 36,524
2/27/2006 36,639
2/28/2006 36,174

3/1/2006 36,389
3/2/2006 36,283
3/3/2006 36,811
3/4/2006 36,900
3/5/2006 37,064
3/6/2006 37,217