{"id":329,"date":"2006-09-13T16:00:49","date_gmt":"2006-09-13T23:00:49","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=329"},"modified":"2006-09-13T16:00:56","modified_gmt":"2006-09-13T23:00:56","slug":"could-valley-resale-home-inventories-really-only-be-15-over-normal","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/329\/could-valley-resale-home-inventories-really-only-be-15-over-normal\/","title":{"rendered":"Could Valley resale home inventories really only be 15% over normal?"},"content":{"rendered":"

Interesting notes from John L. Wake’s Arizona Real Estate Notebook<\/a>:<\/p>\n

Dr. Jay Butler, the head of the Arizona Real Estate Center at ASU, made a presentation yesterday at the Industry Partners Conference, an annual meeting of real estate industry folks – agents, escrow officers, mortgage brokers and many others.<\/p>\n

Looking at listings for sale as a percentage of the total number of homes in the Valley (the housing stock), Dr. Butler said the normal number of listings today would be 32,000 to 35,000. I found the actual number this morning to be 41,014 (all home types) in Maricopa county. So, listings are high right now… but not super high.<\/p><\/blockquote>\n

Given that we have added an enormous number of houses to our inventory over the last three years, I had wondered what our baseline normal should be by now. It will be a couple of years from now before we know if Dr. Butler is right (yes, those words did emerge from my fingers!), but his projection seems to correspond to the observed data: Our surfeit of available homes is not so large as to induce fire-sale pricing.<\/p>\n

John has a very rich weblog, including excellent city-by-city graphing of Dr. Butler’s median home price numbers<\/a>.
\n<\/p>\n

Technorati Tags: arizona<\/a>, arizona real estate<\/a>, blogging<\/a>, phoenix<\/a>, phoenix real estate<\/a>, real estate<\/a>, real estate marketing<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Interesting notes from John L. Wake’s Arizona Real Estate Notebook: Dr. Jay Butler, the head of the Arizona Real Estate Center at ASU, made a presentation yesterday at the Industry Partners Conference, an annual meeting of real estate industry folks – agents, escrow officers, mortgage brokers and many others. Looking at listings for sale as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,6,5],"tags":[],"class_list":{"0":"post-329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":23,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/23\/an-open-letter-to-dr-jay-butler-of-the-arizona-real-estate-center-at-asu\/","url_meta":{"origin":329,"position":0},"title":"An open letter to Dr. Jay Butler of the Arizona Real Estate Center at ASU","author":"Odysseus","date":"December 7, 2005","format":false,"excerpt":"Dr. Butler, I saw this on money.cnn.com:A researcher at Arizona State University told the paper that in the hot market of Phoenix, as many as 30 percent of the properties for sale on the market right now are owned by investorsThey were referencing this quote from the Wall Street Journal:In\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":622,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/622\/phoenix-area-single-family-homes-down-one-percent-from-october-2005\/","url_meta":{"origin":329,"position":1},"title":"Phoenix-area single-family homes down one percent from October 2005?","author":"Greg Swann","date":"November 9, 2006","format":false,"excerpt":"ASU's Dr. Jay Butler's housing numbers for October 2006 have been released:The Valley's single-family home-resale market clicked higher in October though sales are well off from last year's frenzy. There were 4,985 sales in October, up slightly from 4,875 the previous month but down nearly 41 percent from October of\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/84\/real-estate-market-healthier-than-reported-news-market-rancid\/","url_meta":{"origin":329,"position":2},"title":"Real estate market healthier than reported; news market rancid","author":"Greg Swann","date":"July 13, 2006","format":false,"excerpt":"Thrills, chills, front-page headlines -- everything but the truth. It's a way of life for Dr. Jay Butler of the The Arizona Real Estate Center. Today's Republic trumpets June was cold month for resales:The Valley's resale housing market took a hard fall in June, its worst performance for the month\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":199,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/199\/butler-prices-down-sales-up-logic-sideways\/","url_meta":{"origin":329,"position":3},"title":"Butler: Prices down, sales up, logic sideways . . .","author":"Greg Swann","date":"August 11, 2006","format":false,"excerpt":"Catherine Reagor in today's Republic:Home prices dipped slightly in July, but sales inched up from June. The median home price of a used Valley home fell to $264,900 last month, after climbing to a record $267,000 in June. There were 5,545 resales in July, compared with 5,460 the month before,\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/52\/how-to-make-headlines-by-ignoring-the-news\/","url_meta":{"origin":329,"position":4},"title":"How to make headlines by ignoring the news…","author":"Odysseus","date":"February 8, 2006","format":false,"excerpt":"Yet another sky-is-falling article in today's Arizona Republic, this one by business reporter Glen Creno. Nothing seems to be outrageously wrong in the factual reporting, although, as usual, there are very few facts and a lot of opinions, anecdotes and personal reflections. The real problem, though, is with the facts\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3652,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3652\/new-flexmls-system-is-a-bold-stride-into-the-twenty-first-century-for-phoenix-area-multiple-listings-service\/","url_meta":{"origin":329,"position":5},"title":"New FlexMLS system is a bold stride into the twenty-first century for Phoenix-area Multiple Listings Service","author":"Greg Swann","date":"August 2, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0New FlexMLS system is a bold stride into the twenty-first century for Phoenix-area Multiple Listings Service Metropolitan Phoenix got a brand new MLS system this week. MLS is the Multiple Listings Service, the system by which Realtors\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=329"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}