![Real Estate Statistics March 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - March STAT cover graphic.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/Cover-1024x348.png?resize=1024%2C348&ssl=1)
Recapping March 2023 Sales Data for Phoenix, Arizona Real Estate Market
Monthly Home Sales Data for Phoenix, Arizona
![Real Estate Statistics March 2023 Phoenix Arizona - Sales are up 32.8% month over month at 7417 units, down 22.1% year over year.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/1-1024x335.png?resize=1024%2C335&ssl=1)
New Inventory
![Real Estate Statistics March 2023 Phoenix Arizona - New inventory 7771 units, a month over month increase of 9.9%, a decrease of 19.1% year over year.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/2-1024x342.png?resize=2643%2C884&ssl=1)
Total Inventory
![Total inventory is 16922 - a month over month decrease of 6.9%, a year over year increase of 99.3%](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/3-1024x331.png?resize=1024%2C331&ssl=1)
Actives vs. UCB/CCBS
![March UCB total inventory was 17.4%, CCBS at 2.7% of total inventory.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/4-1024x342.png?resize=1024%2C342&ssl=1)
Months Supply of Inventory
![Real Estate Statistics March 2023 Phoenix Arizona - - Months supply of inventory was 2.28](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/5-1024x303.png?resize=1024%2C303&ssl=1)
New List Prices
![Average new list prices are up 2.5% year over year. Median year over year down 4.3%.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/6-1024x357.png?resize=1024%2C357&ssl=1)
Sales Prices
![Average sales price is down 5.6% year over year, median sales price down 8.7% year over year.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/7-1024x339.png?resize=1024%2C339&ssl=1)
Sales Price Forecast
![An increase is predicted for April for both average and median sales prices.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/8-1024x346.png?resize=1024%2C346&ssl=1)
Distressed Homes / Foreclosures Pending
![Foreclosures pending month over month increased 6.4%, year over year up 19.5%.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/9-1024x350.png?resize=1024%2C350&ssl=1)
Distressed Sales
![Distressed sales accounted for .2% of total sales.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/10-1024x366.png?resize=1024%2C366&ssl=1)
Average Days On Market
![Real Estate Statistics March 2023 Phoenix Arizona - Average days on market were 77, up 45 days year over year, down 5 days month over month.](https://i0.wp.com/desertpremierrealty.com/wp-content/uploads/2023/04/11-1024x343.png?resize=1024%2C343&ssl=1)