Tagged : pending sales

The peak sales season in Greater Phoenix is around June, so it won't be surprising when we get a little settling in the coming months.  That's pretty much normal, more so since the heavily influential tax credit ends and the pending contract still within it's guidelines closed by the end of June 30th 2010 (the deadline to close) and the have, but weakening, influence of foreclosure and short sale properties continue to weigh heavily on the market. 

And so the new ARMLS PPI forecast confirms this trend, with both the median price and average price index showing what is and will be (in hindsight) a peak in June and a sight decline in the heat of the summer.  We'll come back to confirm these as new data arrives.

graph © - ARMLS

"The ARMLS…