We saw that March had an increase from February sales. Now April has seen a 13% increase from March sales. There were 4783 existing home sales in April. This is really good news. Combine that news with the fact that the number of homes currently in escrow is close to 8000 means May looks to have at least as many sales as April. I believe we will hit 5000 homes sales in May. Right now Inventory is at 54716 with 49% of those properties sitting vacant. We have just under 12 months of inventory.
I believe the bottom is here for Metro Phoenix.
[digg=http://digg.com/business_finance/April_Existing_Home_Sales_Up_Phoenix]
