27% Drop in Closed Listings
The ARMLS database shows a 27% fall in closed listings for April compared with April 2019. This is for all dwelling types across Greater Phoenix. If we segment the market we can see how different segments fell by different amounts:
We can see that mobile and manufactured homes were barely affected, as were sales between $400K and $600K.
The biggest fall was for homes under $250K. These had been in decline for some time because of the extreme shortage of supply at this price level.
