Phoenix Metro Reaches Highest Sales Volume in ARMLS history
Something big happened in June!
ARMLS tracks sales volume of Phoenix Metro home sales on a monthly basis. While the total dollar sales volume in the earlier months of 2019 were not as strong as 2018, May and June were exceptionally strong.
The total dollar sales volume in June was $3,265,463,755, which is the highest total for any June in ARMLS history. In addition, the year to date total sales volume is the highest year on record with $16,753,752,060.
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News from NAR - National Association of Realtors
- Pending Home Sales Jump 7.5% in October
Pending home sales activity rose month-over-month in each of the four major U.S. regions. On a year-over-year basis, however, transactions were split, as the Northeast and West reported drops and the Midwest and the South posted gains.
- October 2021 Existing-Home Sales Rise Modestly
Housing market activity in October fell 0.8% from September 2021, with existing-home sales reaching a 6.34 million seasonally adjusted annual rate.
- October 2021 Realtors® Confidence Index Report: First-time Buyers Struggle to Compete Against Cash, Investor, and Vacation Home Buyers
First-time buyers continue to struggle to compete with cash and non-primary residence buyers, according to the October 2021 REALTORS® Confidence Index report.
- Existing-Home Sales Inch Up 0.8% in October
Two of the four major U.S. regions saw month-over-month sales climb, one region reported a drop and the fourth area held steady in October. On a year-over-year basis, each region witnessed sales decrease.