Arizona Real Estate Statistic Update
From time to time I throw up a statistic in the form of a graph so all of you number geeks can get a grip on what’s happening in the market today. An interesting fact to ponder is the pattern that, regardless of the market conditions and consumer spending levels, the behavior pattern of those who are actively buying and selling real estate remains fairly static. You’ll notice that the trend this year changed between March and April. The following graph should explain itself. Roll your mouse over the graph to interact with it.
Take a sampling of the month of may over a 3-year period. You’ll notice that in may of 2005 there were 9,890 home sales. In the same month one year later, there were only 7,573 sales. One year after that, 5,795 sales in May. Each year, the number of sales in May dipped by a rather significant amount. This year, we have a new trend brewing with 5,667 home sales, only 128 less homes sold this year than did last year in May.
Think this has a bearing on the condition of the market? Leave a comment if you have a thought!