Tag Archives: phoenix area current housing market

PHOENIX AREA HOUSING MARKET – AUGUST 2009

Current Housng Market Conditions in the Phoenix Area

http://www.woodridgecustombuilders.com

As a custom home builder in Arizona, at Woodridge Custom Builders LLC we must stay abreast of the housing market in the Phoenix area.  Data available through the local multiple listing services (MLS) through August 2009 reveals interesting housing market information.  Is the news good?  It still depends on whom you ask.  Here we have detailed information on closed sales, pending sales, active listings, types of homes sold, average days on the market, average sales price, list price to sales price ratio, cancellations and expired listings, and months of inventory.  Whether the news below is good or not depends upon if you’re a buyer, seller, banker, or in our case, custom home builders.  One conclusion for us is that the market looks better each month and nowhere as bad as it did 20 months ago.  Continue reading

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