January Sales Numbers - Phoenix Real Estate Market

Not good for sellers...

Closed sales numbers for January 2014 were down about 20% compared with a year ago. Now we have the initial numbers for single family homes plus condo/townhomes from the Maricopa County recorder and they show us that:

• total sales were down 11% from January 2013
• re-sales were down 9% from January 2013
• new home sales were down 25% from January 2013

At 560 the new home closed sales are the lowest monthly total we have seen since February 2012 and represent a fall of 40% below December 2013's more impressive 929. January is often one of the weakest months, but this one data point suggest that annual sales may be significantly lower in 2014 than in 2013. The problem is clearly much weaker demand than we all expected a year ago.


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Avondale Real Estate, Goodyear Real Estate, Buckeye Real Estate, Glendale, Real Estate, Phoenix Real Estate, Surprise Real Estate, Peoria Real Estate, Tolleson Real Estate, Laveen Real Estate, Waddell Real Estate, Wittman Real Estate