Real Estate Statistics January 2023 Phoenix Arizona

February 23, 2023 By Nathan Mitchell

Recapping January 2023 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Sales are down -14.4% month-over month. The year over-year comparison is down -37.3%.

New Inventory

Real Estate Statistics January 2023 - New inventory has a month over month increase of +58.9% while the year over year comparison decreased by -7.9%

Total Inventory

Total inventory has a month-over month decrease of -1.6% while year over-year reflects an increase of
114.8%.

Actives vs. UCB/CCBS

Real Estate Statistics January 2023 - January UCB listings percent
of total inventory was 13.8% with
January CCBS listings at 1.8% of
total inventory.

Months Supply of Inventory

Months supply of inventory for
December was 3.81 with January
at 4.38.

New List Prices

Real Estate Statistics January 2023 - Average new list prices are up
+10.3% year-over year. The year over-year median had no change.

Sales Prices

Real Estate Statistics January 2023 - The average sales price is down
-4.5% year-over year while the year over-year median sales price is down
-5.7%.

Sales Price Forecast

An increase is forecasted in
February for both average sale
prices and median sale prices.

Distressed Homes / Foreclosures Pending

Real Estate Statistics January 2023 - Foreclosures pending month over-month showed an increase of +8.3%
while the year over-year figure was up +56.9%.

Distressed Sales

Real Estate Statistics January 2023 - Distressed sales accounted for
0.2% of total sales, down from the
previous month of 0.3%. Short sales
decreased -100.0% year-over-year.
Lender-owned sales decreased -20.0% year-over-year.

Average Days On Market

Real Estate Statistics January 2023 - Days on market were up +43 days
year-over-year while month-over month was also up +9 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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