Data from Arizona Regional Multiple Listing Service (ARMLS). Compilation and chart provided by Sandra DiCosmo (the best!) with First American Title, Price/Warner Branch in Tempe, AZ.
(As noted, "Southeast Valley" data includes Ahwatukee, Apache Junction, Chandler, Gilbert, Guadalupe, Mesa, Queen Creek, Sun Lakes, and Tempe.)
If you're not inclined to do the math yourself: 19,644 active listings / 1,515 recent sales = 12.96 month supply…. that's a frightening number.
[tags]Phoenix real estate listings stats, Southeast Valley[/tags]