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January 2013 Arizona MLS Pending Price Index Supplement for Phoenix Homes for Sale

January 7, 2013 by inVIVO realty Arizona

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 ARMLS PPI works off of the assumption that when Phoenix homes for sale go under contract and then into pending status, the contract at that point has satisfied any contingencies with the most common potential roadblock being whether or not a home buyer ends up having issues with his or her lender to such an extent that the issues result in a cancellation of the contract. In this case the home would fall out of pending status and becomes active again. Therefore, most discrepancies between what the PPI predicts and what actually happens may be attributed to an overstated prediction of pending homes that actually convert to executed home sales contracts.

With that consideration in mind, the ARMLS PPI predicts the direction of the Phoenix real estate market thirty days into the future and is based on the pending home sales in the Arizona multiple listing system.

The January 2013 ARMLS PPI is a market prediction report for the Phoenix real estate market.

Click here to view the January 2013 issue of the ARMLS Pending Price Index™

Contact our team of Phoenix realtors and home for sale specialists if you are a buyer, seller or investor and you are interested in selling or buying Phoenix real estate.

Filed Under: General North Phoenix Real Estate Blog Posts, Phoenix Arizona Real Estate Market Statistics, Real Estate Sales Data Tagged With: armls pending price index, buying phoenix real estate, pending phoenix homes for sale, phoenix arizona real estate, phoenix arizona realtors, phoenix homes for sale, phoenix real estate, phoenix realtors, selling phoenix real estate

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