As of September 2009 active inventory was 37,909, a 29% decrease from September 2008. There were 7,968 closings in September 2009, 29% above September 2008. Months of Inventory was 4.8, down from 8.7 in September 2008. Median price of sold homes was $130,000 for the month of September 2009, down 24% from September 2008. Phoenix is experiencing an increase in buyer activity, with new properties under contract up 46% from September 2008.

As of August 2009 active inventory was 37,469, a 30% decrease from August 2008. There were 8,038 closings in August 2009, 42% above August 2008. Months of Inventory was 4.7, down from 9.5 in August 2008. Median price of sold homes was $125,000 for the month of August 2009, down 32% from August 2008. Phoenix is experiencing an increase in buyer activity, with new properties under contract up 48% from August 2008.

Get the full Phoenix Housing Report

As of July 2009 active inventory was 37,530, a 30% decrease from July 2008. There were 9,069 closings in July 2009, 54% above July 2008. Months of Inventory was only 4.1, down from 9.1 in July 2008. Median price of sold homes was $125,000 for the month of July 2009, down 35% from July 2008. Phoenix is experiencing an increase in buyer activity, with new properties under contract up 24% from July 2008.

View the complete Phoenix Housing Report

As of June 2009 active inventory was 38,859, a 31% decrease from June 2008. There were 9,365 closings in June 2009, 64% above June 2008. Months of Inventory was only 4.1, down sharply from 9.8 in June 2008. Median price of sold homes was $125,000 for the month of June 2009, down 38% from June 2008. Phoenix is experiencing a significant increase in buyer activity, with new properties under contract up 65% from June 2008.