By Steven Ramirez

For the housing market in both Phoenix and the encompassing areas of Arizona, 2010 has proven to be a stronger year, thus far. As of the most recent market break down report, inventories have increased by 1%, and 7093 properties went to closing in just one month. As of March 15th, there were 27,594 active listings.

It appears that sales are well ahead and the market continues to improve over 2009. Greatly boosting the total closings in the coming few months, pending home sales are up by greater than 40% from the beginning of this year. There were 27,594 single family detached homes on the market, as of March 15th. With 7093 homes closing in the last 30 days, the current market supply is 4 months.

5,681 properties are for sale in the Phoenix area, which reflects a 1% increase over the last reported numbers. 1,629 houses have been closed upon over the last 30 days, which represents a supply that will last for approximately 3 1/2 months. Right now, the healthiest housing market is the West Valley area, which is inching out Phoenix by just a small amount. With 6,489 current active listings, Peoria, Glendale, Surprise, El Mirage, Sun City, Goodyear, Litchfield Park, Youngtown, Tolleson, and Buckeye, which make up the West Valley, had closed 2118 properties, giving this area a 3 month inventory.

In third place, with 6,289 listings currently available, and 1676 homes closed for the same period of time, the Southeast Valley of Tempe, Gilbert, Chandler, Mesa, and Apache Junction are averaging a 3 3/4 month supply. With 4,212 active listing along with 560 homes closed, representing around a 7 1/2 month supply, the Northeast Valley, including towns and cities Scottsdale, Carefree, Cave Creek, Fountain Hills, and Paradise Valley, were unchanged.

In Scottsdale, there were 354 closings in the under $1m market and 1981 active listings, and 53 closings in the over $1m market, where there were 965 active listings. In the more than $1m arena, inventory has decreased by 4%, and in the less than $1m arena, it has gone up by 2%.

This is a desirable trend, and there are signs that the housing market in and around Phoenix will keep getting better. Home sellers, home buyers, and our neighborhoods on the whole, are enjoying a boost from this trend!

About the Author:
Looking to find the best deal on homes for sale in mesa, then visit www.mesahomesforsale.biz to find the best advice on homes for sale in las sendas mesa az for you.
for cell phone information visit cell phone basics