Real Estate Market Statistics June 2023 Phoenix Arizona

July 23, 2023 By Nathan Mitchell

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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