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Phoenix Real Estate in December: Sales Up 27.4% YoY, Active Inventory Down 52% YoY

Summary:
The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"):1) Overall sales were at 9,666 in December, up from 8,886 in November, and up from 7,585 in December 2019. Sales were down 8.8% from November 2020 (previous month), and up 27.4% from December 2019.2) Active inventory was at 5,969, down from 12,425 in November 2019. That is down 52% year-over-year.3) Months of supply decreased to 1.01 in December from 1.40 in November. This is very low.Sales are reported at the close of escrow, so these sales were mostly signed in October and November.

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The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"):

1) Overall sales were at 9,666 in December, up from 8,886 in November, and up from 7,585 in December 2019. Sales were down 8.8% from November 2020 (previous month), and up 27.4% from December 2019.

2) Active inventory was at 5,969, down from 12,425 in November 2019. That is down 52% year-over-year.

3) Months of supply decreased to 1.01 in December from 1.40 in November. This is very low.

Sales are reported at the close of escrow, so these sales were mostly signed in October and November.

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