As of February 2012 active inventory was 23,732, a 41% decrease from February 2011. There were 7,276 closings in
February 2012, 1% above February 2011. Months of Inventory was 3.3, down from 5.6 in February 2011. Median price of
sold homes was $122,000 for the month of February 2012, up 11% from February 2011. Phoenix had 7,555 new properties
under contract in February 2012, down 9% from February 2011.
