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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%](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/1.jpg?resize=990%2C308&ssl=1)
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%](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/2.jpg?resize=976%2C308&ssl=1)
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%](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/3.jpg?resize=975%2C312&ssl=1)
Actives vs. UCB/CCBS
![December UCB listings percent of total inventory was 8.6% with December CCBS listings at 1.3% of total inventory](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/4.jpg?resize=970%2C308&ssl=1)
Months Supply Of Inventory
![Real Estate Statistics December 2022 - Months supply of inventory for November was 4.43 with December at 3.81](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/5.jpg?resize=970%2C288&ssl=1)
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.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/6.jpg?resize=843%2C263&ssl=1)
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%](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/7.jpg?resize=976%2C320&ssl=1)
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](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/8.jpg?resize=972%2C307&ssl=1)
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%](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/9.jpg?resize=840%2C279&ssl=1)
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](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/10.jpg?resize=974%2C310&ssl=1)
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](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/01/11.jpg?resize=840%2C276&ssl=1)
Your Thoughts?