As we approach the second half of 2009 we can see that June closed out the first half breaking records for the year. Home sales volume was up over May by 14.63%, average sales price was up by 3.06%, pending contracts were up by 9.98%, home sale units were up by 11.23%. While the median sales price is down over May by 2.88% there was also a decrease in active listings by 3.77%.
With the first 6 months behind us we can take a realistic view of the absorption of inventory which has moved in a positive direction since January with June bumping that number up to 22.9%. We still have a long way to go but the numbers show a positive sign.
Taking a closer look at the activity by zip code we still see that 85718 has the highest number of active listings at 415 with 85750 taking second at 323 for active listings. The top two zip codes for number of units sold in June were 85706/56 at 88 units and 85746 at 59 units.
The top three zip codes with the highest percentage of listings sold compared with the number of active listings in that zip code are 85757 at 40.2% (77 active 31 sold), 85711 at 36% (133 active 48 sold) and 85746 at 31.2% (189 active 59 sold).
We are looking forward to the second half of 2009 with high hopes of the continued trend of recovery.
Click on the title of this article to read the complete report.
# posted by
Anna-Lise Troup @ 11:49 AM
