Real Estate Statistics February 2023 Phoenix Arizona

April 1, 2023 By Nathan Mitchell

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

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics February 2023 - Sales are up
+30.9% month-overmonth. The yearover-year
comparison is down
-26.2%

New Inventory

New inventory
has a month-overmonth decrease
of -2.9% while
the year-overyear comparison
decreased by
-10.0%.

Total Inventory

Total inventory
has a month-overmonth decrease of
-2.8% while yearover-year reflects
an increase of of
111.4%.

Actives vs. UCB/CCBS

Real Estate Statistics February 2023 - February UCB
listings percent
of total inventory
was 15.5% with
February CCBS
listings at 2.3% of
total inventory.

Months Supply of Inventory

Months supply
of inventory for
January was 4.38
with February at
3.25.

New List Prices

Real Estate Statistics February 2023 - Average new
list prices are up
+9.4% year-overyear. The yearover-year median
list prices went
down -0.2%.

Sales Prices

The average sales
price is down
-7.1% year-overyear while the yearover-year median
sales price is down
-8.4%.

Sales Price Forecast

Real Estate Statistics February 2023 - An increase is
forecasted in
March for both
average sale
prices and median
sale prices.

Distressed Homes / Foreclosures Pending

Foreclosures
pending monthover-month
showed an
increase of +4.4%
while the yearover-year figure
was up +35.4%.

Distressed Sales

Real Estate Statistics February 2023 - Distressed sales
accounted for
0.2% of total
sales, the same
as the previous
month. Short sales
decreased -100.0%
year-over-year.
Lender-owned sales
increased +85.7%
year-over-year.

Average Days On Market

Real Estate Statistics February 2023 - Days on market
were up +46 days
year-over-year
while month-overmonth was also up
+2 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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170 E Canary Court, San Tan Valley, AZ 85143

$425,000 3 beds 2 baths 2,174 sqft 170 E Canary Court
San Tan Valley, AZ 85143Listing office: HomeSmart

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