As of November 2009 active inventory was 39,975, a 30% decrease from November 2008. There were 7,613 closings in November 2009, a significant increase of 75% from November 2008. Months of Inventory was 5.3, down from 13.1 in November 2008. Median price of sold homes was $130,000 for the month of November 2009, down 14% from November 2008. Phoenix is experiencing an increase in buyer activity, with new properties under contract up 91% from November 2008.