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Desert Foothills Area Home Sales Trend

Return to Desert Foothills Area Map Desert Foothills Area Price Range Search Desert Foothills Area Market Analysis Desert Foothills Area Recent Home Sales

For current market insights consult a Realtor who lives and works in the area. Contact Us.

MLS Status Over Time

Number of Homes Active, Pending, and Sold Each Month

Months of Inventory

Months of Inventory Each Month

To calculate the Absorption Rate for any given market:

  • The absorption rate is defined as the rate at which homes that are available in a particular market are sold over a specific time frame, such as over the period of a month.
  • Find the average number of sales over the past 6 months. [ 43 or average of 43 per month]
  • Find the total number of active & pending listings on the market last month. [ 20 ]
  • Absorption Rate is the percentage of homes removed from the market (sold) each month.

Current Absorption Rate is 35.83% in Desert Foothills Area.

 

To calculate the Months of Inventory for any given market:

  • Find the total number of active & pending listings on the market last month. [ 20 ]
  • Find the total number of sold transactions for last month. [ 44 ]
  • Divide the number of active listings by the number of sales last month to determine the number of Months of Inventory remaining.

Current Months of Inventory is 0.5 in Desert Foothills Area.

Based on information from the Arizona Regional Multiple Listing Service (ARMLS) for the period Nov, 2021 through Apr, 2022.

Updated Saturday, May 14, 2022.

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  • Lisa Lucky
    602.320.8415
  • Matt Lucky
    480.390.0445
  • Laura Lucky
    480.390.5044
  • Russ Lyon Sotheby's International Realty
    7669 E Pinnacle Peak Rd Suite 110
    Scottsdale, AZ 85255

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