Real Estate Statistics April 2021 Phoenix Arizona

Real Estate Statistics April 2021 Phoenix Arizona

Recapping April 2021 Sales Data for the Phoenix, Arizona Real Estate Market

ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021

Monthly Home Sales Data for Phoenix, Arizona

Down slightly month over month, sales are up by 2,392 year over year.

New Inventory

Up by 1,170 listings month over month.

Total Inventory

Total inventory is also up month over month. Roughly 1,000 listing higher than March.

Homes Under Contract

Home buying continues its steady pace.

Months Supply of Inventory

The median list price stayed close to the March number of $458,245.

New List Prices

The median price for April continued on it’s steady climb, up $15,000 from March.

Supply vs. Demand

With such low housing inventory, the months supply of homes was at .5, meaning we have enough homes on the market to meet the needs of homebuyers for half a month. We’ll need to see high levels of new home listings to meet buyer demand.