It’s been awhile since we’ve looked at sales data out of Phoenix. One of the more interesting trends I’m seeing in sales is actually how it relates to rental data. [Thanks L for the data!] Rental data from ARMLS (The Phoenix area MLS service) is not as comprehensive as the sales data. Many homes and apartments are not rented through the MLS. However, I believe that for comparisons over time, the information is useful. Here’s how the data compares: Note that even though there have been significant swings in home sales over the past 11 years, rentals have grown in…
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