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
- Foreign Buyer Purchases Fall to Lowest Level With Lingering Impacts into 2022
During April 2020–March 2021, the dollar volume of U.S. existing homes purchased by foreign buyers fell 27% to $54.4 billion and the number of existing homes purchased fell 31% to 107,000 units compared to the levels in the prior 12-month period.
- 2021 NAR Real Estate Forecast Summit: Global Update
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- July 2021 Commercial Market Insights
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- Annual Foreign Investment in U.S. Existing-Home Sales Falls 27% to $54.4 Billion, Lowest Level in a Decade
From April 2020 through March 2021, foreign buyers purchased 107,000 properties, down 31% from the prior year, as the COVID-19 pandemic led to a strong global economic contraction and a decline in international tourist and business arrivals.
