• Phoenix Real Estate in April: Sales down 9% or up 4%?

    8 monthes ago - By Calculated Risk

    Yesterday I reported that sales in Phoenix were down 9% in April compared to April 2017. This was based on the monthly ARMLS Market Report .
    Housing economist Tom Lawler pointed out that the Stat report , also from the ARMLS, shows April sales were up 3.7% year-over-year! Quite a difference.
    On inventory, the Market report showed inventory down 25.7% year-over-year, and the Stat report showed inventory only down 9.9% year-over-year. Another huge difference.
    I'm trying to understand why the two reports are so different .
    The bottom line is sales in Phoenix on a year-over-year basis were...
    Read more ...