With two months in the books, we wanted to provide a quick market update.  Here's our 2016 Jan/Feb Maricopa County Market Recap:  the big news is rising inventory levels.  With 2015 hovering around 20,000 to 21,000 units (single family homes, condominiums, patio homes, town homes and lofts), there are now 23008 active listings on the market.  There are currently 12025 pending sales and from January 1, 2016 to February 28, 2016, there were 10,182 sales--here is breakdown of the low sale, average sale and high sale across the county: This graph shows market activity across Maricopa County

The majority of 2015 has been relatively flat and the third quarter was no exception. Here's our 2015 3rd QTR market recap for Maricopa County. Overall, there were 22029 sales--this includes all housing product types.  This is a snapshot of the overall trends for the 3rd quarter across the county: Note:  the "low" and "high" rows in the above chart represent individual properties. Of the 22,029 properties that sold last quarter, 1607 or 7% were "distressed" sales--this includes bank owned homes, short sales, auction properties and pre-foreclosure properties. Here is a graph that shows