Desert Premier Realty Group

Real Estate Statistics December 2022 Phoenix Arizona

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Recapping December, 2022 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics December 2022 - Sales are up +4.8% month over month, the year over year comparison is down -43.4%

New Inventory

Real Estate Statistics December 2022 - New inventory has a month over month decrease of -22.3% while year over year comparison decreased by -26.2%

Total Inventory

Real Estate Statistics December 2022 - Total inventory has a month over month decrease of -9.9% while year over year reflects an increase of +119.6%

Actives vs. UCB/CCBS

December UCB listings percent of total inventory was 8.6% with December CCBS listings at 1.3% of total inventory

Months Supply Of Inventory

Real Estate Statistics December 2022 - Months supply of inventory for November was 4.43 with December at 3.81

New List Prices

Real Estate Statistics December 2022 - Average new list prices are up +12.4% year over year. The year over year median had no change.

Sales Prices

The average sales price is down -3.1% year over year while the year over year median sales price is down -3.5%

Sales Price Forecast

Real Estate Statistics December 2022 - an increase is forecasted in January for average sale prices while a decrease is forecasted for median sales prices

Distressed Homes / Foreclosures Pending

Real Estate Statistics December 2022 - Foreclosures pending month over month showed an increase of +4.4% while the year over year figure was up +45.3%

Distressed Sales

Distressed sales accounted for 0.3% of total sales, up from the previous month of 0.2%. Short sales decreased -50.0% year over year. Lender owned sales increased +44.4% year over year

Average Days On Market

Real Estate Statistics December 2022 - Days on market were up +35 days year over year while month over month was also up +10 days

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About Nathan Mitchell

Co-Founder of Desert Premier Realty Group. Real Estate Broker in Phoenix, Arizona. Striving to educate home buyers and sellers to help them make confident and informed home buying/selling decisions.

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