Real Estate Market Statistics May 2023 Phoenix Arizona

July 6, 2023 By Nathan Mitchell

Real Estate Market Statistics May 2023 Phoenix Arizona - STAT Cover image - Hunter Clark and Nathan Mitchell

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

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Market Statistics May 2023 Phoenix Arizona - Sales are up +20.9% month-over- month. The year- over-year comparison is down -4.6%

New Inventory

New inventory has a month-over- month increase
of +2.4% while the year-over- year comparison decreased by -35.3%

Total Inventory

Real Estate Market Statistics May 2023 Phoenix Arizona - Total inventory has a month-over- month decrease of -5.4% while year- over-year reflects an increase of +8.8%.

Actives vs. UCB/CCBS

May UCB listings percent of total inventory was 19.1% with May CCBS listings
at 3.1% of total invento

Months Supply of Inventory

Real Estate Market Statistics May 2023 Phoenix Arizona - Months supply of inventory for April was 2.44 with May at 1.9

New List Prices

Average new
list prices are up +0.1% year-over- year. The year- over-year median list prices went down -8.0%.

CTA Button Example

What’s My Home Worth?

Sales Prices

The average sales price is down -4.7% year-over- year while the year- over-year median sales price is down -8.4

Sales Price Forecast

An increase is forecasted in June for both average sale prices and median sale price

Distressed Homes / Foreclosures Pending

Real Estate Market Statistics May 2023 Phoenix Arizona - Foreclosures pending month- over-month showed a decrease of -7.1% while the year- over-year figure was up +12.2%

Distressed Sales

Distressed sales accounted for 0.2% of total sales, down from the previous month of 0.3%. Short sales had an increase of +500% year-over-year. Lender-owned sales had a -29.4% decrease year-over- year.

Average Days On Market

Real Estate Market Statistics May 2023 Phoenix Arizona - Days on market were up +42 days year-over-year while month-over- month went down -4 days.

Get This Report Every Month

Related

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.

Your Thoughts? Cancel reply

4436 S SANTA LUCIA Avenue, Sierra Vista, AZ 85650

$269,000 4 beds 2 baths 1,895 sqft 4436 S SANTA LUCIA Avenue
Sierra Vista, AZ 85650Listing office: Realty ONE Group Integrity

Realty ONE Group Integrity

previous next

MLS IDX Listing Disclosure © 2025

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.