The ARMLS Pending Price Index (ARMLS PPI) Supplement focuses on new pending Phoenix homes for sale added each month to the Arizona MLS system and analyzes $/SQ FT at different market value price points.
The STAT newsletter published by the Arizona Regional Multiple Listing Service (ARMLS) is meant to highlight monthly residential real estate statistics specific to the Phoenix Arizona real estate market specifically regarding housing.
The Arizona Regional Multiple Listing Service (ARMLS) publishes the STAT newsletter which highlights monthly residential real estate statistics specific to the Phoenix housing market.
This comprehensive newsletter includes data pertaining to total housing and new housing inventory numbers, month-over-month and year-over-year home sales, the reported month’s supply of inventory, new property listing prices, home sales prices, the ARMLS Pending Price Index (which is also broken out as a separate report and posted to our blog ), foreclosures pending, distressed property sales, average listing days on market for homes sold, and a commentary highlighting real estate activity for the month.
This newsletter highlights very pertinent data for typical home buyers and sellers trying to understand the Phoenix real estate market as well as for residential real estate investors trying to identify Phoenix home sale trends to make smarter investment decisions.
Contact our team of Phoenix home sale agents and brokers today.
The Arizona MLS Distressed Property Report is for homes in the Metropolitan Phoenix area as well as residential real estate lying outside the Phoenix Valley perimeter.
There are three interactive maps included in this report, each specific to a type of distressed property: short sales, foreclosures, and a map of all distressed properties. Each map is a snapshot of the active distressed property as of June 30, and is grouped by area postal code. The percentage of active properties to distressed properties can be displayed by clicking on a dot.
The Subscriber Confidence Index report (SCI) is similar to the Consumer Confidence Index (CCI) in that it mirrors the ARMLS subscriber reaction to the changing Arizona real estate market conditions as well as their experience with current Phoenix AZ home buyers and Phoenix Arizona home sellers. The sentiment of these subscribers influences broker investment and strategy, and how real estate professionals manage their business. Please note that ARMLS subscribers are made up of Arizona licensed real estate brokers and agents.
Like the CCI which is published by the Conference Board, the real value of the SCI lies in being the only economic indicator derived from first hand and up close observations of REALTORS® experiencing what is going on at the front line of the Valley’s real estate market.
Subscriber Confidence was dampened in June as evidenced by de-clines in all three indices. The overall Subscriber Confidence Index declined 3.1% to 81.5%. The Present Confidence Index declined 3.4% to 79.6%, representing the first drop below 80% since Decem-ber 2011. The Expectation Index also fell 3% to 82.8%.
What exactly does this mean for Phoenix Arizona home buyers and sellers? We are still seeing a strong purchasing of single family detached property priced at or below $250,000 by cash buyers. Contact us about Greater Phoenix homes for sale, or to ask about what your home in the Greater Phoenix Valley might be worth and we can discuss with you more about the Phoenix AZ real estate market.