Arizona home sales between June and September increased this year by 14 percent in comparison to last summer according to the Arizona Regional Multiple Listing Service.
Single-family home sales increased this summer with 7,271 units sold. Last year, 6,129 homes were sold during the same June to September period. That’s an increase of 1,142 homes between the two years.
ARMLS compiles home sale statistics for the state of Arizona. However, the causes behind the increase in sales are not directly given. Real estate professionals point to a number of reasons for this boost.
Sharri Parkins, 53, a sales executive for Berkshire Hathaway HomeServices Arizona Properties, says home sellers don’t feel like the market is strong during the summer months, leading to a decrease in homes on the market.
“What is going on is that people will take their homes off the market right around May-June because they don’t feel that there’s buyers here. But the truth is that there are buyers here,” Parkins said.