As we end August we are gearing up for the up coming busy season for real estate. The weather will cool off, finally after a long and hot summer and snowbirds will be back in town. Towns like Carefree just start to fill up with out of towners.

So now I thought was a good time to digest just where the market is at right now with some statistics live from the Arizona Multiple Listing Service (MLS).

Scottsdale

Active Homes For Sale: 2353
Homes Currently Under Contract: 1362
Lender Owned Homes Active For Sale: 176

Paradise Valley

Active Homes For Sale: 266
Homes Currently Under Contract: 71
Lender Owned Homes Active For Sale: 11

Carefree

Active Homes For Sale: 99
Homes Currently Under Contract: 12
Lender Owned Homes Active For Sale: 11

Those being the markets I primarily deal with as you can see it’s quite a fallacy that’s Arizona is on sale. Inventory in these markets is actually pretty tight.

On the other hand though.

Phoenix

Active Homes For Sale: 4012
Homes Currently Under Contract: 5228
Lender Owned Homes Active For Sale: 807

There is more to choose from in Phoenix. But even in the market there are more homes already under contract than there are active for sale.