ABInsight: Phoenix MSA Nears 50% Unit Turnover
ABI Multifamily looks at a 5-year period for Phoenix MSA mutlifamily pricing (per unit and per SF) plus looks at unit inventory turnover.
Excerpt: Unit inventory turnover, expressed as a percentage of units sold, has steadily increased since 2010 which saw 9,796 of 238,828 units sell which equates to a 4.1% total unit turnover rate. We expect that rate to increase to 12% by the end of 2014.
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