New REOs listings are up over 64% month over month in Maricopa County Arizona!
In the period 5/19/2010 - 6/19/2010 the number of new REO listings was 1,619
In the period 6/19/2010 - 7/19/2010 the number of new REO listings was 2,659
That's a 64.23% increase in new REO listings.
That is not encouraging news for home prices given the rules of Supply and Demand, particularly if this trend continues.
What does this hold for the future?
Is the flood of "phantom" inventory much rumored about to be unleashed?
Data from ARMLS (Arizona Regional MLS)
If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with the BVO Luxury Group @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.
Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!
Tony Marriott - Chief Operating Officer - BVO Luxury Group @ Keller Williams Arizona Realty
Suzanne Marriott - Chief Learning Officer - BVO Luxury Group @ Keller Williams Arizona Realty