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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.

Real Estate Market Statistics December 2023 Phoenix Arizona

January 31, 2024 By Nathan Mitchell

Real Estate Market Statistics December 2023 Phoenix Arizona - Hunter Clark / Nathan Mitchell - STAT cover image

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

Monthly Home Sales Data For Phoenix Arizona

4612 sold listings

New Listings

Real Estate Market Statistics December 2023 Phoenix Arizona - 4800 new listings

Active Listings

Real Estate Market Statistics December 2023 Phoenix Arizona - 13436 active listings

Listings Under Contract

4813 listings under contract

Months of Supply / Absorption Rate

Real Estate Market Statistics December 2023 Phoenix Arizona - 2.91 months supply of homes, 34.33% absorption rate

New List Prices

Real Estate Market Statistics December 2023 Phoenix Arizona - $646516 average list price, $449900 median list price

Sales Prices

$557131 average sales price, $429,900 median sales price

Days On Market

61 average days on market, 45 median days on market

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Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Homes for sale, Arizona Real Estate Market Statistics, Phoenix Homes for sale

Real Estate Market Statistics November 2023 Phoenix Arizona

January 9, 2024 By Nathan Mitchell

Real Estate Market Statistics November 2023 Phoenix Arizona - STAT cover image - Hunter Clark and Nathan Mitchell

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

Monthly Home Sales Data For Phoenix Arizona

Real Estate Market Statistics November 2023 Phoenix Arizona - 4291 sales

New Listings

6779 new listings

Active Listings

14515 active listings (not under contract)

Listings Under Contract

Real Estate Market Statistics November 2023 Phoenix Arizona - 5508 homes under contract

Months of Supply / Absorption Rate

Real Estate Market Statistics November 2023 Phoenix Arizona - 3.38 months supply of homes, 29.56% absorption rate

New List Prices

$683,488 average list price, $459,990 median list price

Sales Prices

$561,512 average sales price, $438,480 median sales price

Days On Market

Real Estate Market Statistics November 2023 Phoenix Arizona - 57 average days on market, 39 median days on market

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Homes for sale, Arizona Real Estate Market Statistics, home buying in arizona, Phoenix Real Estate

Real Estate Market Statistics October 2023 Phoenix Arizona

January 9, 2024 By Nathan Mitchell

STAT cover image - Hunter Clark and Nathan Mitchell

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

Monthly Home Sales Data For Phoenix Arizona

Real Estate Market Statistics October 2023 Phoenix Arizona - 4733 units sold

New Listings

7719 new listings

Active Listings

Real Estate Market Statistics October 2023 Phoenix Arizona - 13753 active listings (not under contract)

Listings Under Contract

5670 homes under contract

Months of Supply / Absorption Rate

Real Estate Market Statistics October 2023 Phoenix Arizona - 2.91 months supply of homes, 34.41% absorption rate

New List Prices

$690,928 average list price, $465,000 median list price

Sales Prices

Real Estate Market Statistics October 2023 Phoenix Arizona - $569,213 average sale price, $435,000 median list price

Days On Market

55 average days on market, 37 median days on market

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona real estate, Arizona Real Estate Market Statistics, home buying in arizona

Real Estate Market Statistics September 2023 Phoenix Arizona

November 6, 2023 By Nathan Mitchell

Real Estate Market Statistics September 2023 Phoenix Arizona - STAT Cover Image - Hunter Clark and Nathan Mitchell

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

Monthly Home Sales Data For Phoenix Arizona

Monthly home sales - 5127

New Listings

Real Estate Market Statistics September 2023 Phoenix Arizona - new listings: 7374

Active Listings

Real Estate Market Statistics September 2023 Phoenix Arizona - Active listings: 12003

Listings Under Contract

Listings under contract: 6067

Months of Supply / Absorption Rate

Real Estate Market Statistics September 2023 Phoenix Arizona - Absorption rate: 42.71%; Months of supply: 2.34

New List Prices

Average list price $669,356

Median list price: $468,795

Sales Prices

Average sales price: $543,703

Median sales price: $430,000

Days On Market

Real Estate Market Statistics September 2023 Phoenix Arizona - Average days on market: 56

Median days on market: 36

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Homes for sale, Arizona Real Estate Market Statistics, Phoenix Real Estate

Real Estate Market Statistics August 2023 Phoenix Arizona

September 19, 2023 By Nathan Mitchell

Real Estate Market Statistics August 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - STAT Cover Pic

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

Monthly Home Sales Data For Phoenix Arizona

Real Estate Market Statistics August 2023 Phoenix Arizona - 5731 sold units

New Listings

7299 new listings

Active Listings

Real Estate Market Statistics August 2023 Phoenix Arizona - 10,509 active listings

Listings Under Contract

6676 listings under contract

Months of Supply / Absorption Rate

Real Estate Market Statistics August 2023 Phoenix Arizona - 1.83 months supply of inventory

New List Prices

Real Estate Market Statistics August 2023 Phoenix Arizona - $611,886 average list price, $459,903 median list price

Sales Prices

Real Estate Market Statistics August 2023 Phoenix Arizona - $547,225 average sales price, $435,000 median sales price

Days On Market

58 days on market - average

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Real Estate Market Statistics, Phoenix Homes for sale, Phoenix Real Estate

Real Estate Market Statistics July 2023 Phoenix Arizona

August 26, 2023 By Nathan Mitchell

Real Estate Market Statistics July 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - Picture of STAT Cover

Recapping July 2023 Sales Data For The Phoenix, Arizona Real Estate Market

Monthly Home Sales Data For Phoenix Arizona

Real Estate Market Statistics July 2023 Phoenix Arizona - Home sales - 5520 units

New Listings

New listings - 6391 units

Active Listings

Real Estate Market Statistics July 2023 Phoenix Arizona - Active Listings - 9909 units

Listings Under Contract

Listings under contract: 7077 units

Months of Supply / Absorption Rate

Months supply of inventory : 1.8 months. 

Absorption rate: 55.71%

New List Prices

Real Estate Market Statistics July 2023 Phoenix Arizona - New list prices: Average: $617,832. Median: $450,000

Sales Prices

Sales prices: Average: $549,519. Median: $432,000

Days On Market

Days on market: Average: 59. Median 38

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Real Estate Market Statistics, home selling in arizona

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.

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Real Estate Market Statistics, home buying in arizona, home selling in arizona, Phoenix Real Estate

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%.
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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

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Real Estate Market Statistics, Phoenix Homes for sale, Phoenix Real Estate

Real Estate Market Statistics April 2023 Phoenix Arizona

May 31, 2023 By Nathan Mitchell

Real Estate Market Statistics April 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - Cover image with STAT & ARMLS logo

Recapping April 2023 Sales Data for Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Market Statistics April 2023 Phoenix Arizona - Sales are down -11.9% month-over- month. The year- over-year comparison is down -25.1%.

New Inventory

Real Estate Market Statistics April 2023 Phoenix Arizona - New inventory has a month-over- month decrease of -8.2% while
the year-over- year comparison decreased by -28.3%.

Total Inventory

Total inventory has a month-over- month decrease of -5.7% while year- over-year reflects an increase of +58.2%.

Actives vs. UCB/CCBS

Real Estate Market Statistics April 2023 Phoenix Arizona - April UCB listings percent of total inventory was 20.2% with April CCBS listings
at 3.1% of total inventory.

Months Supply of Inventory

Months supply of inventory for March was 2.28 with April at 2.

New List Prices

Real Estate Market Statistics April 2023 Phoenix Arizona - Average new list prices are down -3.6% year-over- year. The year- over-year median list prices went down -8.3%.

Sales Prices

The average sales price is down -7.0% year-over- year while the year- over-year median sales price is down -9.6%.

Sales Price Forecast

Real Estate Market Statistics April 2023 Phoenix Arizona - An increase is forecasted in May for both average sale prices and median sale prices.

Distressed Homes / Foreclosures Pending

Foreclosures pending month- over-month showed a decrease of -1.6% while the year- over-year figure was up +15.8%.

Distressed Sales

Distressed sales accounted for 0.3% of total sales, up from the previous month of 0.2%. Short sales had no change year-over- year. Lender-owned sales had a +275% increase year-over- year.

Average Days On Market

Real Estate Market Statistics April 2023 Phoenix Arizona - Days on market were up +45 days year-over-year while month-over- month went down -3 days.

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona real estate, Arizona Real Estate Market Statistics, Phoenix Real Estate

Stinknet in Arizona: A Growing Concern

May 25, 2023 By Nathan Mitchell

Picture of a field of Stinknet with vibrant yellow lollipop-like flowers in Apache Junction, AZ.

What is Stinknet?

Stinknet is commonly known as globe chamomile, it has emerged as a relatively new and rapidly spreading weed in Arizona. Initially documented in the state in 1997, its presence gained significant attention by 2019 due to its overt nature and rapid proliferation.

Identification of Stinknet 

Identifying Stinknet is relatively easy, especially during spring and early summer when the plant is in full bloom. Its appearance resembles small yellow lollipops, making it stand out amidst the native vegetation.

Stinknet in Arizona

Picture of a Flicker resting on a shepherd’s hook in a patch of Stinknet.

Stinknet has established a stronghold in the Phoenix metro area and across a significant portion of Maricopa County. It is progressively spreading southward along the I-10 corridor, firmly taking root in Pinal County. Flare-ups have also been reported within the Tucson area, as well as rural regions of Pima County.

Concerns Associated with Stinknet in Arizona

There are several reasons why Stinknet is causing growing concern among authorities and residents alike. Firstly, it poses a serious fire risk. With a potential height of up to 2 feet, these plants tend to fill in open spaces between native vegetation. As the plants dry out during the transition from spring to summer, they become highly combustible, increasing the risk of wildfires. In the arid desert ecosystem, such fires can be catastrophic, especially for saguaro cactus and other Sonoran Desert plant life. Additionally, Stinknet proves to be a major headache for homeowners, as it rapidly overruns yards.

Impact on Homeowners 

For homeowners, Stinknet presents a hassle that requires time and financial resources to address. The costs associated with removing it from properties can be substantial, and without proper management, it quickly spreads. Moreover, when Stinknet dries out, it becomes highly flammable, further exacerbating the fire risk.

Effective Removal Strategies 

Fortunately, there are methods available to combat the spread of Stinknet. One of the most effective techniques is manual removal by hand-pulling the plants before they have a chance to go to seed. Although this approach can be time-consuming, it is worthwhile in order to prevent the invasive weed from proliferating.

Alternatively, herbicides can be used to control Stinknet. However, it is crucial to exercise caution and carefully follow all manufacturer  instructions to minimize the potential harm to native plants and wildlife.

Mitigating the Negative Impact of Stinknet in Arizona

Stinknet represents a growing concern in Arizona. However, through diligent management and the implementation of appropriate removal strategies, we can effectively curb its spread and reduce its detrimental impact. By taking action, we can safeguard our cherished ecosystems and preserve the beauty of our homes and natural surroundings.

Filed Under: Blog Tagged With: globe chamomile, Stinknet, Stinknet in Arizona

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Nathan Mitchell
Nathan Mitchell
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Recent Posts

  • Real Estate Market Statistics December 2023 Phoenix Arizona
  • Real Estate Market Statistics November 2023 Phoenix Arizona
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  • Real Estate Market Statistics September 2023 Phoenix Arizona
  • Real Estate Market Statistics August 2023 Phoenix Arizona

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