Real Estate Market Statistics April 2023 Phoenix Arizona

May 31, 2023 By Nathan Mitchell

Recapping April 2023 Sales Data for Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Market Statistics April 2023 Phoenix Arizona - Sales are down -11.9% month-over- month. The year- over-year comparison is down -25.1%.

New Inventory

Real Estate Market Statistics April 2023 Phoenix Arizona - New inventory has a month-over- month decrease of -8.2% while
the year-over- year comparison decreased by -28.3%.

Total Inventory

Total inventory has a month-over- month decrease of -5.7% while year- over-year reflects an increase of +58.2%.

Actives vs. UCB/CCBS

Real Estate Market Statistics April 2023 Phoenix Arizona - April UCB listings percent of total inventory was 20.2% with April CCBS listings
at 3.1% of total inventory.

Months Supply of Inventory

Months supply of inventory for March was 2.28 with April at 2.

New List Prices

Real Estate Market Statistics April 2023 Phoenix Arizona - Average new list prices are down -3.6% year-over- year. The year- over-year median list prices went down -8.3%.

Sales Prices

The average sales price is down -7.0% year-over- year while the year- over-year median sales price is down -9.6%.

Sales Price Forecast

Real Estate Market Statistics April 2023 Phoenix Arizona - An increase is forecasted in May for both average sale prices and median sale prices.

Distressed Homes / Foreclosures Pending

Foreclosures pending month- over-month showed a decrease of -1.6% while the year- over-year figure was up +15.8%.

Distressed Sales

Distressed sales accounted for 0.3% of total sales, up from the previous month of 0.2%. Short sales had no change year-over- year. Lender-owned sales had a +275% increase year-over- year.

Average Days On Market

Real Estate Market Statistics April 2023 Phoenix Arizona - Days on market were up +45 days year-over-year while month-over- month went down -3 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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