Sales and Pending Sales Trend over 1 year

Below is the trend of sales and properties in escrow for home resales over the last year for the entire Phoenix Metro area.  As of right now October is looking to be about even with September sales.  Properties with a status of Pending appear to be looking a little stronger.

Below is the number of homes on the market each day for the last year.

As can be seen from the chart we are WAY over where we were at this time last year.  The amazing thing is 48% of those on listed as of today are VACANT!