Friday, June 16, 2006

Phoenix housing bubble update

It's been a while since I gave an update on the number of homes for sale in Phoenix--the inventory has continued to balloon since the last report on March 10:

3/7/2006 36953
3/8/2006 37487
3/9/2006 37626
3/10/2006 37531
3/11/2006 38011
3/12/2006 38184
3/13/2006 38169
3/14/2006 38003
3/15/2006 38197
3/16/2006 38574
3/17/2006 38602
3/18/2006 39074
3/19/2006 38972
3/20/2006 38822
3/21/2006 39159
3/22/2006 38982
3/23/2006 39043
3/24/2006 39271
3/25/2006 39381
3/26/2006 39504
3/27/2006 39817
3/28/2006 39784
3/29/2006 39765
3/30/2006 39948
3/31/2006 40192
4/1/2006 40177
4/2/2006 40182
4/3/2006 40012
4/4/2006 40050
4/5/2006 40332
4/6/2006 40739
4/7/2006 40612
4/8/2006 41124
4/9/2006 41393
4/10/2006 41018
4/11/2006 42266
4/12/2006 42327
4/13/2006 42257
4/14/2006 42561
4/15/2006 42592
4/16/2006 42775
4/17/2006 42874
4/18/2006 42523
4/19/2006 42840
4/20/2006 43017
4/21/2006 43236
4/22/2006 43385
4/23/2006 43502
4/24/2006 43697
4/25/2006 43344
4/26/2006 43427
4/27/2006 44024
4/28/2006 43886
4/29/2006 44022
4/30/2006 44290
5/1/2006 44229
5/2/2006 43900
5/3/2006 43966
5/4/2006 44162
5/5/2006 44422
5/6/2006 44094
5/7/2006 44575
5/8/2006 44777
5/9/2006 44609
5/10/2006 44898
5/11/2006 45097
5/12/2006 45356
5/13/2006 45502
5/14/2006 45619
5/15/2006 45697
5/16/2006 45705
5/17/2006 45675
5/18/2006 46064
5/19/2006 46189
5/20/2006 46049
5/21/2006 46734
5/22/2006 46753
5/23/2006 46965
5/24/2006 46856
5/25/2006 47133
5/26/2006 47225
5/27/2006 47582
5/28/2006 47591
5/29/2006 47633
5/30/2006 47722
5/31/2006 47542
6/1/2006 47187
6/2/2006 47191
6/3/2006 47848
6/4/2006 47877
6/5/2006 47979
6/6/2006 48218
6/7/2006 48106
6/8/2006 48365
6/9/2006 48579
6/10/2006 48870
6/11/2006 48889
6/12/2006 49040
6/13/2006 49132
6/14/2006 49237
6/15/2006 49052
6/16/2006 49435

My first report, last October, showed an increase in inventory from 10,748 homes on July 20, 2005 to 19,254 on October 2. We're now at a 459% increase in inventory in the just under 11 months.

(But see Einzige's comment on what counts as evidence of a housing bubble...)

1 comment:

Einzige said...

Do I detect a bit of a tease, here, Jim?

The big question to me is this: when d'yah think is the right time to start making lots of really lowball offers asking for seller financing on all these houses, hoping one or two will stick? Right now, or when we start seeing the numbers shrinking again?

Maybe I ought to take all your data and make us a graph of it. What do you think?