Desert Premier Realty Group

Real Estate Market Statistics June 2023 Phoenix Arizona

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Real Estate Market Statistics June 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell

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

Monthly Home Sales Data for Phoenix, Arizona

Monthly sale at 7257 Sales are down -8.1% month-over- month. The year- over-year comparison is down -6.0%.

New Inventory

Real Estate Market Statistics June 2023 Phoenix Arizona - New Inventory 7083 New inventory has a month-over- month decrease of -3.1% while the year-over- year comparison decreased by -41.8%.

Total Inventory

Total inventory at 14,421 has a month-over- month decrease of -4.4% while year- over-year reflects a decrease of -19.8%.

Actives vs. UCB/CCBS

Real Estate Market Statistics June 2023 Phoenix Arizona - June UCB listings percent of total inventory was 17.9% with June CCBS listings at 2.8% of total inventory.

Months Supply Of Inventory

Months supply of inventory for May was 1.91 with June at 1.99.

New List Prices

Real Estate Market Statistics June 2023 Phoenix Arizona - Average new list prices are down -1.7% year-over- year. The year- over-year median list prices went down -6.1%.
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Sales Prices

The average sales price is down -2.2% year-over- year while the year- over-year median sales price is down -6.7%.

Sales Price Forecast

Real Estate Market Statistics June 2023 Phoenix Arizona - An decrease is forecasted in July for both average sale prices and median sale prices.

Distressed Homes / Foreclosures Pending

Distressed Residential Properties at 1041 Foreclosures pending month- over-month showed a decrease of -11.1% while the year- over-year figure was down -1.5%.

Distressed Sales

Distressed sales accounted for 0.3% of total sales, up from the previous month of 0.2%. Short sales had an increase of +200% year-over-year. Lender-owned sales had a +60.0% increase year-over-Year

Average Days On Market

Days on market were up +36 days year-over-year while month-over- month went down -4 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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