Desert Premier Realty Group

Real Estate Statistics November 2022 Phoenix Arizona

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Real Estate Statistics November 2022 Phoenix Arizona - STAT Monthly Statistics for the Phoenix Metro Area - Hunter Clark and Nathan Mitchell

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

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics November 2022 Phoenix Arizona - Monthly sales are down 44.5% year over year at 4756 units.

New Inventory

Real Estate Statistics November 2022 Phoenix Arizona - New Inventory 5903 units.

Total Inventory

Real Estate Statistics November 2022 Phoenix Arizona - 21067 total inventory

Actives vs. UCB/CCBS

Real Estate Statistics November 2022 Phoenix Arizona - 8.6% of sales inventory is under contract, taking backup offers. 1.4% of inventory is CCBS - contingent on the sale of the buyer’s home.

Months Supply of Inventory

Months supply of inventory is 4.43 months.

New List Prices

Average list prices are up 7.9%, median list prices are up 2.1% year over year.

Sales Prices

Real Estate Statistics November 2022 Phoenix Arizona - Average sales prices are up 2.3% year over year. The median sales price is down .9% year over year.

Sales Price Forecast

Real Estate Statistics November 2022 Phoenix Arizona - Average sales price predicted is $544.6 while the median is $420.0

Distressed Homes / Foreclosures Pending

Foreclosures pending are up 2.2% month over month, up 25.8% year over year.

Distressed Sales

Real Estate Statistics November 2022 Phoenix Arizona - Distressed sales accounted for .2% total of sales

Average Days On Market

Real Estate Statistics November 2022 Phoenix Arizona - Average days on market are up 27 days year over year and up 6 days month over month at 61 days.

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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