Cooling of the market between September 1 and October 1

We can see the cooling of the market between September 1 and October 1 in the greater Phoenix area in the months of supply for single family homes by price range:

Price RangeOct 2012Sep 2013Oct 2013Comments
Under $100K2.31.82.2Slowed a lot in the last month, but similar to last year
$100K-$125K2.21.52.3Slowed a lot in the last month, but similar to last year
$125K-$150K2.51.92.6Slowed a lot in the last month, but similar to last year
$150K-$175K2.92.02.8Slowed a lot in the last month, but similar to last year
$175K-$200K2.72.42.8Slowed a lot in the last month, but similar to last year
$200K-$225K3.22.32.9Slowed a lot in the last month, less inventory than last year
$225K-$250K3.32.33.1Slowed a lot in the last month, less inventory than last year
$250K-$275K3.32.43.2Slowed a lot in the last month, but similar to last year
$275K-$300K3.32.83.3Slowed a lot in the last month, but similar to last year
$300K-$350K3.53.33.8Slowed a lot in the last month, more inventory than last year
$350K-$400K3.83.74.5Slowed a lot in the last month, more inventory than last year
$400K-$500K4.43.84.8Slowed a lot in the last month, more inventory than last year
$500K-$600K6.65.05.2Slowed only slightly, less inventory than last year
$600K-$800K7.26.36.6Slowed only slightly, less inventory than last year
$800K-$1M9.56.211.2Slowed a lot, more inventory than last year
$1M-$1.5M9.28.612.3Slowed a lot, more inventory than last year
$1.5M-$2M24.68.414.9Slowed a lot, less inventory than last year
$2M-$3M38.627.719.0Speeded up, a lot less inventory than last year
Over $3M41.034.065.0Slowed a lot, more inventory than last year

The weakest sectors compared with last year are between $300K and $500K and the strongest are between $500K and $800K. This is probably because of the greater availability of jumbo loans.

The sectors over $800K have much more volatile inventory measures because sales rates bounce around from month to month.