14,098 pending home sales on Arizona's regional mulitple listing service (ARMLS) on May 14, 2009. This is the highest recorded number of pending sales EVER!

Bank owned homes in the Phoenix real estate market in Arizona are moving, and they are moving fast! Most are attracting multiple offers from buyers and many are selling for more than list price. Could this be the end of the price declines in Arizona and a positive step in the right direction? Only time will tell but the sales data has sure been looking good lately.