Desert Premier Realty Group

Real Estate Statistics January 2023 Phoenix Arizona

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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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