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Real Estate Market Statistics August 2023 Phoenix Arizona

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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

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Real Estate Market Statistics June 2023 Phoenix Arizona

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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.

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Real Estate Market Statistics May 2023 Phoenix Arizona

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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.

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Real Estate Market Statistics April 2023 Phoenix Arizona

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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.

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Real Estate Statistics March 2023 Phoenix Arizona

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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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Real Estate Statistics February 2023 Phoenix Arizona

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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.

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Real Estate Statistics January 2023 Phoenix Arizona

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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.

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Real Estate Statistics December 2022 Phoenix Arizona

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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

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Real Estate Statistics November 2022 Phoenix Arizona

By

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.

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1531 W MOLLY Lane, Phoenix, AZ 85085

$795,000 3 beds  2.5 baths  2,734 sqft 1531 W MOLLY Lane
Phoenix, AZ 85085

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Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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