Phoenix Real Estate Stats – Current market conditions

Current market conditions for the Phoenix Real Estate Market as of 4/5/2010

Active listings: 42,081
Pendings : 13,384
Active short sales : 15,832
Active lender owned: 5,367

A whopping 38% of the current active listings in Phoenix are short sales! 13% are lender owned properties. There are more active short sales on the market than pending listings!

This definitely concretes the fact that lenders are getting more interested in short selling properties rather than taking them back in foreclosure.

Short sales will continue to dominate the market place for many months and probably for the next 2-3 years until the Arizona real estate market stabilizes.

Related posts:

1. Phoenix Real Estate Stats
2. Phoenix real estate 1st Quarter 2010 Stats
3. Phoenix Arizona Real Estate Market Changing….For the Better?
4. Arizona Short Sales and REO Listings by the Numbers
5. Current Phoenix Real Estate Inventory