New Year Holds Optimism as the Number of Listings Climb!

New Year Holds Optimism as the Number of Listings Climb!

January 15 - After 2 full weeks it is now possible to analyze the rate of new listings coming on to the market without distortions due to the highly weighted distribution by day of the week.

There have been a total of 4,353 new listings added since the start of the year (across all areas & types) which is 9.1% below 2014 and 1.3% below 2013. This is a low number and suggests that supply trends are weak despite the seasonal increase in active listings that we see in January every year. In fact it is a new record low for the 15 year period 2001-2015.

New supply is particularly weak at the bottom of the market under $200,000 while it is quite strong over $800,000.

Sellers of entry level homes are going to have less competition while sellers at the top end are going to have more competition compared with last year.


The new supply of short sales and REOs across greater Phoenix is much lower than in any of the years since 2008, but is higher than 2007 and all previous years since 2001. HUD homes are down to insignificant levels, lower than all years since 2001 except 2005 through 2007.