Active Listings and Sales: Total active listings, have gone up by 226 units over the last month. As of July 1st we sit at 15,692 actives all property types. Sales are at 8229 for the last 30 days (as of July 1st), down by 995 units from one month ago! We are currently sitting at a 1.9 months of supply. Pending sales are down from the month before as of July 1st, 8,892 vs. one month ago at 9,662. Traditionally,  3-4 months of supply indicate a balanced market.

Median Price:  The median price in Maricopa County for June 2013 was $193,085 in May 2013 it was $190,000. This marks a 1% increase! June 2012  it was $155,000 for a 24.5% increase!!!! In June 2007 it was $257,000 and in June 2001 it was $142,000!

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment. We have seen a slight increase in this market segment. There was an 9% absorption rate for the last month. There were 94 properties in all of the MLS were sold for more than $1.0 million, during the month of June.