Nathan Mitchell

Real Estate Statistics May 2021 Phoenix Arizona

June 4, 2021 By Nathan Mitchell

Real Estate Statistics May 2021 Phoenix Arizona

Recapping May 2021 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics May 2021 Phoenix Arizona - Listings sold for May 2021 are 8,829

Total monthly home sales are down month over month. This is a seasonal pattern of decline that we see almost every year.

New Inventory

New inventory is down slightly month-over-month.

Total Inventory

Our total inventory for the Phoenix real estate market is down month-over-month, after a slight and hopeful tick upward in April.

Homes Under Contract

Real Estate Statistics May 2021 Phoenix Arizona - Listings under contract

Homes under contract continue to be steady, measuring out at 11,859 units in May.

Months Supply of Inventory

The median list price in the Phoenix area jumped considerably month-over-month to $489,00. This is an indication that there is still low supply and high demand in Arizona.

New List Prices

Real Estate Statistics May 2021 Phoenix Arizona - median sales price hit $390,000 for May.

The median sales price, measured at $390,000, continues to climb as the Valley struggles with it’s low housing inventory.

Supply vs. Demand

We’re still hovering at half a month’s worth of inventory, as buying demand remains steady.

Real Estate Statistics April 2021 Phoenix Arizona

May 6, 2021 By Nathan Mitchell

Real Estate Statistics April 2021 Phoenix Arizona

Recapping April 2021 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics April 2021 Phoenix Arizona - Hunter Clark and Nathan Mitchell - Monthly home sale numbers.

Down slightly month over month, sales are up by 2,392 year over year.

New Inventory

Up by 1,170 listings month over month.

Total Inventory

Total inventory is also up month over month. Roughly 1,000 listing higher than March.

Homes Under Contract

Home buying continues its steady pace.

Months Supply of Inventory

The median list price stayed close to the March number of $458,245.

New List Prices

Real Estate Statistics April 2021 Phoenix Arizona - Sales Prices

The median price for April continued on it’s steady climb, up $15,000 from March.

Supply vs. Demand

With such low housing inventory, the months supply of homes was at .5, meaning we have enough homes on the market to meet the needs of homebuyers for half a month. We’ll need to see high levels of new home listings to meet buyer demand.

Real Estate Statistics March 2021 Phoenix Arizona

March 26, 2021 By Nathan Mitchell

Real Estate Statistics March 2021 Phoenix Arizona

Recapping February, 2021 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics March 2021 Phoenix Arizona - Monthly Sales

Sales are up 8.2% month over month. The year over year comparison is up 5.2%.

New Inventory

New inventory is up 0.1% month over month. The year over year comparison decreased by 11.7%.

Total Inventory

Total inventory has a month over month decrease of 7.7%. The year over year reflects a decrease of 43.8%.

Actives vs. UCB/CCBS

Real Estate Statistics March 2021 Phoenix Arizona - Active listings vs. UCB/CCBS

February UCB listings percent of total inventory was 48.9% with February CCBS listings at 3.7% of total inventory.

Months supply of inventory for January was 1.34 with February at 1.14.

Months Supply of Inventory

Average new list prices are up 14.1% year over year. The year over year median is up 14.3%.

New List Prices

Real Estate Statistics March 2021 Phoenix Arizona - Sales prices

The average sales price is up 22.3% year over year. The year over year median is up 18.6%.

Sales Price Forecast

An increase is forecasted in March for both average and median sales prices.

Distressed Homes / Foreclosures Pending

Foreclosures pending month over month showed a decrease of 6.2% while the year over year was down 51.8%

Distressed Sales

Distressed sales accounted for 0.4% of total sales, up from the previous month of 0.3%. Short sales dropped 50% year over year. Bank owned sales dropped 24.2% year over year.