Metro Phoenix foreclosures have continued to shrink over the last five months. There are currently 11,868 Metro Phoenix foreclosures for sale in the Phoenix area real estate market as of July 1, 2009.
The two main contributing factors to the decrease in Metro Phoenix foreclosures are: sales that have doubled since January of 2009 and the moratorium that prevented lenders from foreclosing on properties during the six-month period ending on June 1st.
Read the chart in this manner: on July 1, 2009 there were 31,920 residential listings in the Phoenix area real estate market. That's a decrease of 2,558 from June 1, 2009. There were 11,868 Metro Phoenix foreclosures representing 37.2% of all active listings in the Phoenix area real estate market.
Metro Phoenix foreclosures in the Phoenix area real estate market.
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