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Real Estate Statistics March 2023 Phoenix Arizona

April 29, 2023 By Nathan Mitchell

Real Estate Statistics March 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - March STAT cover graphic.

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.

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.

Total Inventory

Total inventory is 16922 - a month over month decrease of 6.9%, a year over year increase of 99.3%

Actives vs. UCB/CCBS

March UCB total inventory was 17.4%, CCBS at 2.7% of total inventory.

Months Supply of Inventory

Real Estate Statistics March 2023 Phoenix Arizona - - Months supply of inventory was 2.28

New List Prices

Average new list prices are up 2.5% year over year. Median year over year down 4.3%.

Sales Prices

Average sales price is down 5.6% year over year, median sales price down 8.7% year over year.

Sales Price Forecast

An increase is predicted for April for both average and median sales prices.

Distressed Homes / Foreclosures Pending

Foreclosures pending month over month increased 6.4%, year over year up 19.5%.

Distressed Sales

Distressed sales accounted for .2% of total sales.

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.

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

Financial Assistance for Tornado Victims: Realtors Step Up to Help

April 10, 2023 By Nathan Mitchell

Financial assistance for tornado victims. Image of a red roofed farm house in a storm, with a tornado behind it in the distance.

Widespread Devastation from Recent Tornado Outbreak in the Southern and Midwest States

The recent tornado outbreak in the Southern and Midwest states has caused widespread devastation. According to reporting, the tornadoes have claimed at least 32 lives and have destroyed hundreds of homes and businesses. In response to this disaster, the National Association of Realtors (NAR) and its members have rushed to aid those affected by providing financial assistance for tornado victims.

NAR Disaster Relief Program Provides Financial Assistance for Immediate Needs

According to an article on the NAR Magazine website, NAR has activated its disaster relief program. NAR will provide $1.6 million in financial assistance to those affected by the tornadoes. The relief program offers grants to help cover immediate expenses such as temporary housing, food, and clothing.

Realtors Take Action to Support Their Communities

In addition to providing financial assistance for tornado victims, many Realtors across the affected regions have been actively involved in providing support to their communities. Many have been helping with desperately needed cleanup efforts. Realtors have been delivering supplies including clothing, food and baby supplies to those in need.

Realtors’ Commitment to Community Support in Times of Crisis

The recent tornado outbreak in the Southern and Midwest states has caused massive destruction. The tornadoes have claimed many lives and destroyed countless homes and businesses. NAR and its members have actively involved themselves in providing support and assistance to those affected by the tornadoes in response to this disaster. From financial assistance to on-the-ground support, Realtors have demonstrated their commitment to their communities and their ability to come together in times of crisis.

Filed Under: Blog Tagged With: Financial assistance for tornado victims, Realtors

Curb Appeal: The 5 Most Popular Exterior Home Colors

April 5, 2023 By Nathan Mitchell

Most popular exterior home colors - image of the Sonoran Desert foothills with a matching color palette of white, grey, navy, beige and brown on the right hand side.

Choosing the right color for your home’s exterior can be a daunting task, as it can significantly impact your home’s curb appeal and overall value. The National Association of Realtors (NAR) recently released an article highlighting the five most popular colors for a home’s exterior. Let’s summarize the article and provide additional information on the most popular colors for the past few years.

The Five Most Popular Exterior Home Colors

According to the NAR article, the top five most popular colors for a home’s exterior are white, gray, blue, beige/tan (off-white), and brown. Let’s take a closer look at each of these colors and why they’re so popular.

  1. White is a classic and timeless color that can make any home look elegant and sophisticated. It’s also a good choice for homes located in hot climates, as it reflects sunlight and helps keep the interior cool. Additionally, white is a versatile color that can pair well with any accent color, making it an excellent choice for those who like to change up their home’s decor often.
  2. Gray is a trendy color that has been growing in popularity over the past few years. It’s a neutral color that can give your home a modern and sleek look, especially when paired with white accents. Gray is also a versatile color that can work well with various accent colors, such as blue, green, and even red.
  3. Blue is a calming and soothing color that can make your home feel welcoming and inviting. It’s an excellent choice for homes located near water or in coastal areas, as it can complement the natural surroundings. Blue can pair well with white, gray, and yellow accents.
  4. Beige and tan are also classic colors that can give your home a warm and welcoming feel. Great for homes located in suburban or rural areas, as they can complement the natural surroundings. Beige and tan can also pair well with various accent colors, such as green, blue, and red.
  5. Brown is a rich and earthy color that can give your home a warm and inviting feel. If a home is located in wooded or rural areas, it can complement the natural surroundings. Brown pairs well with various accent colors, such as white, beige, and green.

The Most Popular Exterior Home Colors in Recent Years

While the NAR article highlights the most popular colors for a home’s exterior in the current year, it’s interesting to look at the most popular colors for the past few years to see how trends have changed.

Sherwin-Williams has named some of the most popular exterior home colors in recent years. In 2022, the company named Evergreen Fog, a fresh and calming green-gray, as its Color of the Year for exteriors. Sherwin-Williams named Urbane Bronze, a sophisticated and warm gray-brown, as its Color of the Year for exteriors in 2021. In 2020, the most popular exterior color was Naval, a rich and bold shade of blue. In 2019, the most popular color was Cavern Clay, a warm and earthy shade of orange. The most popular exterior color in 2018 was Oceanside, a deep and moody blue-green. In 2017, Poised Taupe, a warm and cozy shade of gray-brown, was the most popular color. In 2016, the top pick was Alabaster, a soft and inviting white. These colors reflect current trends and styles in home exteriors and can help homeowners achieve a fresh and modern look.

As you can see, color trends for a home’s exterior can change from year to year, but classic and timeless colors such as white, gray, blue, beige/tan, and brown are always in style.

Choosing the Right Color for Your Home’s Exterior

Choosing the right color for your home’s exterior is a crucial decision that can significantly impact your home’s curb appeal and overall value. The most popular colors for a home’s exterior in the current year, according to the NAR article, are white, gray, blue, beige/tan, and brown. These are great colors that you can feel safe with. However, it’s essential to consider your personal preferences, the style of your home, and the surrounding environment when choosing a color. Whether you opt for a classic and timeless color or a trendy and bold shade, make sure it’s a color that you love and that will make you happy every time you come home.

Filed Under: Blog, Home Selling Basics Tagged With: Arizona real estate, home curb appeal, Home upgrades

Real Estate Statistics February 2023 Phoenix Arizona

April 1, 2023 By Nathan Mitchell

STAT cover art

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

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics February 2023 - Sales are up
+30.9% month-overmonth. The yearover-year
comparison is down
-26.2%

New Inventory

New inventory
has a month-overmonth decrease
of -2.9% while
the year-overyear comparison
decreased by
-10.0%.

Total Inventory

Total inventory
has a month-overmonth decrease of
-2.8% while yearover-year reflects
an increase of of
111.4%.

Actives vs. UCB/CCBS

Real Estate Statistics February 2023 - February UCB
listings percent
of total inventory
was 15.5% with
February CCBS
listings at 2.3% of
total inventory.

Months Supply of Inventory

Months supply
of inventory for
January was 4.38
with February at
3.25.

New List Prices

Real Estate Statistics February 2023 - Average new
list prices are up
+9.4% year-overyear. The yearover-year median
list prices went
down -0.2%.

Sales Prices

The average sales
price is down
-7.1% year-overyear while the yearover-year median
sales price is down
-8.4%.

Sales Price Forecast

Real Estate Statistics February 2023 - An increase is
forecasted in
March for both
average sale
prices and median
sale prices.

Distressed Homes / Foreclosures Pending

Foreclosures
pending monthover-month
showed an
increase of +4.4%
while the yearover-year figure
was up +35.4%.

Distressed Sales

Real Estate Statistics February 2023 - Distressed sales
accounted for
0.2% of total
sales, the same
as the previous
month. Short sales
decreased -100.0%
year-over-year.
Lender-owned sales
increased +85.7%
year-over-year.

Average Days On Market

Real Estate Statistics February 2023 - Days on market
were up +46 days
year-over-year
while month-overmonth was also up
+2 days.

Get This Report Every Month

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

Real Estate Statistics January 2023 Phoenix Arizona

February 23, 2023 By Nathan Mitchell

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

Monthly Home Sales Data for Phoenix, Arizona

Sales are down -14.4% month-over month. The year over-year comparison is down -37.3%.

New Inventory

Real Estate Statistics January 2023 - New inventory has a month over month increase of +58.9% while the year over year comparison decreased by -7.9%

Total Inventory

Total inventory has a month-over month decrease of -1.6% while year over-year reflects an increase of
114.8%.

Actives vs. UCB/CCBS

Real Estate Statistics January 2023 - January UCB listings percent
of total inventory was 13.8% with
January CCBS listings at 1.8% of
total inventory.

Months Supply of Inventory

Months supply of inventory for
December was 3.81 with January
at 4.38.

New List Prices

Real Estate Statistics January 2023 - Average new list prices are up
+10.3% year-over year. The year over-year median had no change.

Sales Prices

Real Estate Statistics January 2023 - The average sales price is down
-4.5% year-over year while the year over-year median sales price is down
-5.7%.

Sales Price Forecast

An increase is forecasted in
February for both average sale
prices and median sale prices.

Distressed Homes / Foreclosures Pending

Real Estate Statistics January 2023 - Foreclosures pending month over-month showed an increase of +8.3%
while the year over-year figure was up +56.9%.

Distressed Sales

Real Estate Statistics January 2023 - Distressed sales accounted for
0.2% of total sales, down from the
previous month of 0.3%. Short sales
decreased -100.0% year-over-year.
Lender-owned sales decreased -20.0% year-over-year.

Average Days On Market

Real Estate Statistics January 2023 - Days on market were up +43 days
year-over-year while month-over month was also up +9 days.

Get This Report Every Month

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

Real Estate Statistics December 2022 Phoenix Arizona

January 24, 2023 By Nathan Mitchell

Recapping December, 2022 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics December 2022 - Sales are up +4.8% month over month, the year over year comparison is down -43.4%

New Inventory

Real Estate Statistics December 2022 - New inventory has a month over month decrease of -22.3% while year over year comparison decreased by -26.2%

Total Inventory

Real Estate Statistics December 2022 - Total inventory has a month over month decrease of -9.9% while year over year reflects an increase of +119.6%

Actives vs. UCB/CCBS

December UCB listings percent of total inventory was 8.6% with December CCBS listings at 1.3% of total inventory

Months Supply Of Inventory

Real Estate Statistics December 2022 - Months supply of inventory for November was 4.43 with December at 3.81

New List Prices

Real Estate Statistics December 2022 - Average new list prices are up +12.4% year over year. The year over year median had no change.

Sales Prices

The average sales price is down -3.1% year over year while the year over year median sales price is down -3.5%

Sales Price Forecast

Real Estate Statistics December 2022 - an increase is forecasted in January for average sale prices while a decrease is forecasted for median sales prices

Distressed Homes / Foreclosures Pending

Real Estate Statistics December 2022 - Foreclosures pending month over month showed an increase of +4.4% while the year over year figure was up +45.3%

Distressed Sales

Distressed sales accounted for 0.3% of total sales, up from the previous month of 0.2%. Short sales decreased -50.0% year over year. Lender owned sales increased +44.4% year over year

Average Days On Market

Real Estate Statistics December 2022 - Days on market were up +35 days year over year while month over month was also up +10 days

Get This Report Every Month

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

Real Estate Statistics November 2022 Phoenix Arizona

January 2, 2023 By Nathan Mitchell

Real Estate Statistics November 2022 Phoenix Arizona - STAT Monthly Statistics for the Phoenix Metro Area - Hunter Clark and Nathan Mitchell

Recapping November, 2022 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics November 2022 Phoenix Arizona - Monthly sales are down 44.5% year over year at 4756 units.

New Inventory

Real Estate Statistics November 2022 Phoenix Arizona - New Inventory 5903 units.

Total Inventory

Real Estate Statistics November 2022 Phoenix Arizona - 21067 total inventory

Actives vs. UCB/CCBS

Real Estate Statistics November 2022 Phoenix Arizona - 8.6% of sales inventory is under contract, taking backup offers. 1.4% of inventory is CCBS - contingent on the sale of the buyer’s home.

Months Supply of Inventory

Months supply of inventory is 4.43 months.

New List Prices

Average list prices are up 7.9%, median list prices are up 2.1% year over year.

Sales Prices

Real Estate Statistics November 2022 Phoenix Arizona - Average sales prices are up 2.3% year over year. The median sales price is down .9% year over year.

Sales Price Forecast

Real Estate Statistics November 2022 Phoenix Arizona - Average sales price predicted is $544.6 while the median is $420.0

Distressed Homes / Foreclosures Pending

Foreclosures pending are up 2.2% month over month, up 25.8% year over year.

Distressed Sales

Real Estate Statistics November 2022 Phoenix Arizona - Distressed sales accounted for .2% total of sales

Average Days On Market

Real Estate Statistics November 2022 Phoenix Arizona - Average days on market are up 27 days year over year and up 6 days month over month at 61 days.

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

Real Estate Statistics October 2022 Phoenix Arizona

December 3, 2022 By Nathan Mitchell

Real Estate Statistics October 2022 Phoenix Arizona - Hunter Clark and Nathan Mitchell

Recapping October, 2022 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics October 2022 Phoenix Arizona - Sales are down -16.0% month over month

New Inventory

New inventory has a month over month decrease of -12.8%

Total Inventory

Total inventory has a month over month increase of +0.9%

Actives vs. UCB/CCBS

October UCB listings percent of total inventory was 8.0%, with CCBS listings at 1.3% of total inventory
Real Estate Statistics October 2022 Phoenix Arizona - Months supply of inventory for October is 4.30

New List Prices

Real Estate Statistics October 2022 Phoenix Arizona -  Average list prices are up +14.4% year over year

Sales Prices

Real Estate Statistics October 2022 Phoenix Arizona - Average sales price is up +4.7% year over year

Sales Price Forecast

A decrease is forecasted for November for average and median sales prices

Distressed Homes / Foreclosures Pending

Real Estate Statistics October 2022 Phoenix Arizona - Foreclosures pending month over month showed a decrease of -1.6%

Distressed Sales

Real Estate Statistics October 2022 Phoenix Arizona -  Distressed sales accounted for 0.1% of total sales, down from previous month's 0.2%

Average Days On Market

Days on market were up +24 days year over year, month over month was also up +7 days

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, home selling in arizona

Real Estate Statistics September 2022 Phoenix Arizona

November 5, 2022 By Nathan Mitchell

Real Estate Statistics September 2022 Phoenix Arizona - Hunter Clark and Nathan Mitchell

Recapping September, 2022 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics September 2022 Phoenix Arizona - 6328 monthly sales

New Inventory

New inventory is 8690

Total Inventory

Real Estate Statistics September 2022 Phoenix Arizona - Total inventory is 22617

Actives vs. UCB/CCBS

Real Estate Statistics September 2022 Phoenix Arizona - Actives are 89%, 9% UCB, 2% CCBS
3.57 months supply of inventory

New List Prices

Real Estate Statistics September 2022 Phoenix Arizona - the median list price is $459

Sales Prices

Median sales price is $439

Sales Price Forecast

Sales price forecast is $438

Distressed Homes / Foreclosures Pending

Real Estate Statistics September 2022 Phoenix Arizona - Distressed residential properties are at 1014 units

Distressed Sales

Distressed sales are 0.2% of the market

Average Days On Market

Average days on market is 48

Get This Report Every Month

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

Real Estate Statistics August 2022 Phoenix Arizona

October 1, 2022 By Nathan Mitchell

Real Estate Statistics August 2022 Phoenix Arizona - Hunter Clark and Nathan Mitchell

Recapping August, 2022 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics August 2022 Phoenix Arizona - Monthly sales are 6136 units.

New Inventory

Real Estate Statistics August 2022 Phoenix Arizona - 9627 New Inventory

Total Inventory

21,832 Total inventory

Actives vs. UCB/CCBS

Real Estate Statistics August 2022 Phoenix Arizona - 87 % active, 11% UCB, 2% CCBS
Real Estate Statistics August 2022 Phoenix Arizona - Months supply of inventory 3.56
New list prices median $581.4

Sales Prices

Median sales price $549.3

Sales Price Forecast

Real Estate Statistics August 2022 Phoenix Arizona - median sales price forecast $544.5

Distressed Homes / Foreclosures Pending

There are 964 distressed residential properties

Distressed Sales

Real Estate Statistics August 2022 Phoenix Arizona - Distressed sales are 0.1% of the market

Average Days On Market

Average days on the market is 42

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, Phoenix Real Estate, Real Estate Statistics

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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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