Metro Phoenix foreclosures still 41% of active market
The number of active listings and number of Metro Phoenix foreclosures remained virtually unchanged from February to March of 2010. As seen in the chart, listings hit a several year low in September 2009. They have been gradually increasing since that time. The chart also indicates how far active listings have dropped since 2008, thereby accounting for the swing in the market from a complete buyer's market to a market that has evened out. In some locations around the Valley the market is even closer to being a seller's market because of extreme competition for low priced Metro Phoenix foreclosures.
Phoenix Real Estate
Source: Phoenix Foreclosures
Phoenix Foreclosures and other Major Cities