Bob Bemis, CEO of the Arizona Regional Multiple Listing Service (ARMLS), spent a few minutes on Channel 12 yesterday morning announcing new real estate statistics now available for the Phoenix market.
When a home seller accepts an offer on his home, the listing agent is required to input certain information into the MLS system about the sale. Information which is hidden from public view. Information includes closing date and agreed to sales price.
ARMLS will now be publishing a monthly report, so that agents can share what is truly going on with the Phoenix real estate market real time, utilizing the ARMLS Pending Price Index™. Bob does a great job of explaining why this statistic is more relevant than others, and he also shares his insights on the market.
Take a few minutes to listen to Bob’s interview, and then if you’d like to know more, please let me know. I have a full copy of the May 2010 ARMLS Stat Report, which I can email to you at your request.
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