Valleywide, all dwellings

Actives: 55,989

Unsold: 50,818

Under Contract in the Last 30 Days: 5,171 (9% of actives)

Valleywide, single family dwellings

Actives: 46,000

Unsold: 41,550

Under Contract in the Last 30 Days: 4,450 (10% of actives)

Valleywide, luxury homes

Actives: 3,277

Unsold: 3,130

Under Contract in the Last 30 Days: 147 (4% of actives)

East Valley, all dwellings

Actives: 19,455

Unsold: 17,418

Under Contract in the Last 30 Days: 2,037 (10% of actives)

Analysis

The number of active homes for sale in the Phoenix area did rise since last week, but so did the number of homes under contract.  So, if there’s a silver lining to this news, it’s that the number of homes under contract increased by a greater percentage than the number of active homes for sale did.

The number of homes selling week-to-week throughout Phoenix does seem to be on a generally upward slope.  In fact, since the beginning of the year, the percentage of homes under contract out of the total number of homes for sale has increased from 5% to 9%.  Buyer activity is slowly increasing, while listing activity is slowly leveling off.