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Friday, July 25, 2008

50,000 and still counting down...

Categories:Arizona Market Trends,Arizona Real Estate,Arizona Real Estate Blog,Buyers,Chandler,East Valley Homes,Gilbert,Maricopa County,Pinal County,Sellers
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June 2008 brings us down to just over 50,000 active single-family listings in the Phoenix/Metro market.  We are down about 7,000 since our peak.  Good news right?  Yes, our inventory is going down, but it still needs to decrease by at least 15,000 listings before we start to see our prices stabilize. 
 
If you are wanting to sell, this is bad news. 
 
If you are wanting to purchase - Hooray!, you still have time!

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