{"id":612,"date":"2006-11-07T12:03:16","date_gmt":"2006-11-07T19:03:16","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=612"},"modified":"2006-11-07T12:03:24","modified_gmt":"2006-11-07T19:03:24","slug":"overall-october-real-estate-market-results-for-mls-listed-homes-in-the-phoenix-area-average-prices-up-177","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/612\/overall-october-real-estate-market-results-for-mls-listed-homes-in-the-phoenix-area-average-prices-up-177\/","title":{"rendered":"Overall October real estate market results for MLS listed homes in the Phoenix area &#8212; average prices up 1.77%"},"content":{"rendered":"<p>In the Arizona Regional Multiple Listings Service at large, 5,590 homes sold in October against an inventory of 47,069, an implied absorption rate of 8.42 months. There are 6,059 properties listed as &#8220;Sale Pending.&#8221; All of these numbers are very close to <a href=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=514\" target=\"_blank\">September&#8217;s results<\/a>.<\/p>\n<blockquote><p><b>Number of Homes Sold (with Days on Market)<\/b><\/p>\n<p>March&#160;2003&#160;&#160;&#160;6471&#160;&#160;&#160;&#160;67<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;8678&#160;&#160;&#160;&#160;60<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;9959&#160;&#160;&#160;&#160;36<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2006&#160;&#160;&#160;7469&#160;&#160;&#160;&#160;58<\/p>\n<p>April&#160;&#160;&#160;&#160;2003&#160;&#160;&#160;7429&#160;&#160;&#160;&#160;67<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;8889&#160;&#160;&#160;&#160;61<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;9567&#160;&#160;&#160;&#160;32<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2006&#160;&#160;&#160;6725&#160;&#160;&#160;&#160;60<\/p>\n<p>May&#160;&#160;&#160;2003&#160;&#160;&#160;7428&#160;&#160;&#160;&#160;67<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;8932&#160;&#160;&#160;&#160;56<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;9853&#160;&#160;&#160;&#160;27<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2006&#160;&#160;&#160;7582&#160;&#160;&#160;&#160;63<\/p>\n<p>June&#160;&#160;&#160;2003&#160;&#160;&#160;&#160;&#160;7409&#160;&#160;&#160;&#160;67<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;&#160;9969&#160;&#160;&#160;&#160;55<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;10225&#160;&#160;&#160;&#160;26<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2006&#160;&#160;&#160;&#160;7209&#160;&#160;&#160;&#160;67<\/p>\n<p>July&#160;&#160;&#160;2003&#160;&#160;&#160;&#160;&#160;7643&#160;&#160;&#160;&#160;64<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;&#160;8974&#160;&#160;&#160;&#160;51<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;&#160;9326&#160;&#160;&#160;&#160;25<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2006&#160;&#160;&#160;&#160;6101&#160;&#160;&#160;&#160;70<\/p>\n<p>August&#160;2003&#160;&#160;&#160;&#160;&#160;7648&#160;&#160;&#160;&#160;63<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;&#160;8968&#160;&#160;&#160;&#160;47<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;&#160;9996&#160;&#160;&#160;&#160;25<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2006&#160;&#160;&#160;&#160;6170&#160;&#160;&#160;&#160;76<\/p>\n<p>Sept.&#160;2003 &#160;&#160;&#160;&#160;&#160;6802&#160;&#160;&#160;&#160;62<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;&#160;8648&#160;&#160;&#160;&#160;45<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;&#160;9152&#160;&#160;&#160;&#160;28<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2006&#160;&#160;&#160;&#160;5607&#160;&#160;&#160;&#160;80<\/p>\n<p>Oct.&#160; 2003 &#160;&#160;&#160;&#160;&#160;6501&#160;&#160;&#160;&#160;62<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;&#160;8127&#160;&#160;&#160;&#160;37<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;&#160;7970&#160;&#160;&#160;&#160;31<br \/>\n&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2006&#160;&#160;&#160;&#160;5590&#160;&#160;&#160;&#160;87<\/p><\/blockquote>\n<p>Average prices are up from September, from 324,370 in September to $330,210 in October, a net gain of about 1.77%.<\/p>\n<p>Note that this may not accurately reflect the Phoenix-area real estate market as a whole. All private sales and most new-home builder sales are excluded from MLS statistics.<br \/>\n<!-- technorati tags start --><\/p>\n<p style=\"text-align:right;font-size:10px;\">Technorati Tags: <a href=\"http:\/\/www.technorati.com\/tag\/arizona\" rel=\"tag\">arizona<\/a>, <a href=\"http:\/\/www.technorati.com\/tag\/arizona real estate\" rel=\"tag\">arizona real estate<\/a>, <a href=\"http:\/\/www.technorati.com\/tag\/phoenix\" rel=\"tag\">phoenix<\/a>, <a href=\"http:\/\/www.technorati.com\/tag\/phoenix real estate\" rel=\"tag\">phoenix real estate<\/a>, <a href=\"http:\/\/www.technorati.com\/tag\/real estate\" rel=\"tag\">real estate<\/a>, <a href=\"http:\/\/www.technorati.com\/tag\/real estate marketing\" rel=\"tag\">real estate marketing<\/a><\/p>\n<p><!-- technorati tags end --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the Arizona Regional Multiple Listings Service at large, 5,590 homes sold in October against an inventory of 47,069, an implied absorption rate of 8.42 months. There are 6,059 properties listed as &#8220;Sale Pending.&#8221; All of these numbers are very close to September&#8217;s results. Number of Homes Sold (with Days on Market) March&#160;2003&#160;&#160;&#160;6471&#160;&#160;&#160;&#160;67 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2004&#160;&#160;&#160;8678&#160;&#160;&#160;&#160;60 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2005&#160;&#160;&#160;9959&#160;&#160;&#160;&#160;36 [&hellip;]<\/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":[6,5],"tags":[],"class_list":{"0":"post-612","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":514,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/514\/overall-september-real-estate-market-results-for-mls-listed-homes-in-the-phoenix-area\/","url_meta":{"origin":612,"position":0},"title":"Overall September real estate market results for MLS listed homes in the Phoenix area","author":"Greg Swann","date":"October 5, 2006","format":false,"excerpt":"In the Arizona Regional Multiple Listings Service at large, 5,607 homes sold in September against an inventory of 47,428, an implied absorption rate of 8.46 months. There are 5,932 properties listed as \"Sale Pending.\" The historical numbers make it plain that we did not experience the traditional selling season, but\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":308,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/308\/overall-august-real-estate-market-results-for-mls-listed-homes-in-the-phoenix-area\/","url_meta":{"origin":612,"position":1},"title":"Overall August real estate market results for MLS listed homes in the Phoenix area","author":"Greg Swann","date":"September 8, 2006","format":false,"excerpt":"In the Arizona Regional Multiple Listings Service at large, 6,170 homes sold in August against an inventory of 46,830, an implied absorption rate of 7.6 months. There are 6,185 properties listed as \"Sale Pending.\" All of these numbers are largely unchanged from July. The historical numbers make it plain that\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":175,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/175\/market-basket-of-homes-values-down-183-on-slow-sales\/","url_meta":{"origin":612,"position":2},"title":"Market-Basket of Homes: Values down 1.83% on slow sales","author":"Greg Swann","date":"August 5, 2006","format":false,"excerpt":"Market-Basket of Homes: Values down 1.83% on slow sales The July BloodhoundRealty.com Market-Basket of Homes is available. Prices down, sales volumes down, but -- interestingly -- inventory is down. Make of it what you will:This fall in Valley schools, the faces of the teachers may change, but the kids may\u2026","rel":"","context":"In &quot;Marketing&quot;","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":612,"position":3},"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 &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":601,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/601\/october-2006-bloodhoundrealtycom-market-basket-of-homes-values-down-407-on-normal-sales\/","url_meta":{"origin":612,"position":4},"title":"October 2006 BloodhoundRealty.com Market Basket of Homes: Values down 4.07% on normal sales . . .","author":"Greg Swann","date":"November 4, 2006","format":false,"excerpt":"The Phoenix-area real estate market's three-month experiment with stasis came to an abrupt end in October: Although sales levels were normal, as compared with October 2003, the most-recent October before the real estate boom, both asking and selling prices dropped precipitously among the homes tracked in the October 2006 edition\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/55\/one-year-of-experience-eleven-times\/","url_meta":{"origin":612,"position":5},"title":"One year of experience eleven times&#8230;?","author":"Odysseus","date":"February 25, 2006","format":false,"excerpt":"Our most favorite real estate oracle, Catherine Reagor of the Arizona Republic weighs in with some observations that may actually be as undefended as they are unthought out. In fairness to Ms. Reagor, I'll quote her text as I explore it:Bad news for the many homeowners trying to sell: It's\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/612","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=612"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/612\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}