Maricopa and Pima Counties 2007 4th Quarter Economic and Market Watch Report
The Arizona Regional Multiple Listing Service (ARMLS) has published the 2007 4th Quarter Economic and Market Watch Report, available here, along with prior reports. It covers extensive economic and housing data broken down by zip codes for Maricopa and Pima counties, general trends, and commentary from two National Association of Realtors economists.
Its' barometer of the buyer/seller market is firmly in the buyer's camp. Although average pricing has dropped by $10K from Q3'07 to Q4'07, the prediction is for higher Q1'08 pricing, along with fewer days on market. Q4 is traditionally a slow quarter, so there may be some pickup in Q1. I personally have seen a surge in buyer activity in late January and into February.
Copyright © 2008 Rod Rebello
www.RodSellsAZhomes.com