After over a month of stability, inventory of subdivision homes for sale in Maricopa Arizona increased over 10% last week. This appears to be mostly due to a decrease in buying activity during the long Thanksgiving Holiday weekend. This is supported by the fact that ARMLS (the Arizona Multiple Listing Service) reported that lockbox openings were down over 28%. I would not expect this trend to continue as Freddie Mac and Fannie Mae both announced a moratorium on foreclosures that will extend from 19DEC through 2JAN. With the other major lenders expected to follow suit, this will reduce the amount of new listings entering the market and cause the inventory to continue it’s downward spiral.

ACTIVE: 243, up from 219

ACTIVE SHORT SALES: 49, up from 44  This was expected due to the Holiday lull in buying activity.

ACTIVE LENDER OWNED: 33, up from 28  Also expected, see above.

AWC (short sales with offers): 205, down from 214   Once again, this is a result of reduced buyer activity last week.

PENDING: 233, down from 244  Although this area had an expected drop for reasons stated above, this number is in line with those of a year ago at the same time.

CLOSED: 44, up from 31   The typical end of the month rush to get transactions closed sparked this increase.

NOVEMBER CLOSINGS: 177, down from 181

View the full spreadsheet Monthly home data

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