Arizona Real Estate Market Conditions

The economic outlook for AZ Real Estate is looking strong.  Many economic forecasters are predicting 3%+ gains per month till the end of the year for homes under 200k.  In the meanwhile, many home buyers are frustrated from loosing out on homes with several multiple bids while others reap the reward.  April 2011 – April 2012: Inventory is down 40% from last year but closings were only down by 10% bringing the MSI (monthly supply of inventory) at only 2.5 months!  Median price of homes are up 25% from April 2011.

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