Lets look at some specifics to tell the story of the Greater Phoenix Housing market today, no editorials, just facts for you:

• The supply of homes on the market is falling, it has not been this low since Jan 2006.  It stands at about 33,000 today vs 41,300 one year ago.
• The demand for those homes is moderating due summer season, and sales volume is falling back from the March peak.
• Average list price is at $134/sf, down from 145.50/sf a year ago.
• Average sales price is about $83/sf, down from $90.60/sf a year ago.  However lender owned homes averaged about $59/sf, Short Sales a little over $77/sf, and "normal sales" averaged over $113/sf.
• Annual appreciation stands at negative 8.4%.
• Days Inventory of available homes is down to 128 days from 158 a year ago.
• 44% of all April sales were Lender Owned homes, and 20.5% were Short Sales, leaving only 35.5% "traditional/normal" sales.
• Buckeye, El Mirage, Telleson had the highest percent of Lender owned sales, while Anthem, Carefree, Fountain Hills, Paradise Valley, Scottsdale, Sun Cities, and Sun Lakes had the lowest percentages.  City of Phoenix stood at 53%.
• Out of the 4,512 foreclosures last month, 30% were purchased on the courthouse steps by investors, and never made it to market.
• Some interesting facts on buyers that purchased here in April of this year....31% were from out of state (60% of them were all cash purchases), only 32% of the in-state buyers paid cash, 24% of all sales were to investors.  Median price sale to an investor was about 71K, vs 118K for an in-state purchaser, and 125K for an out-of-state purchaser.
• Realtor.com just announced that the Greater Phoenix area was the 4th most searched area of their national website.