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

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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

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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.

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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.

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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.

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

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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

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August 17, 2022 By Nathan Mitchell

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Real Estate Statistics June 2022 Phoenix Arizona

August 1, 2022 By Nathan Mitchell

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

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

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics June 2022 Phoenix Arizona - 7720 units sold

New Inventory

Real Estate Statistics June 2022 Phoenix Arizona - new inventory 12165 units

Total Inventory

total inventory 17973 units

Actives vs. UCB/CCBS

Real Estate Statistics June 2022 Phoenix Arizona - 15044 active homes for sale vs 2505 under contract accepting backups

2.33 months supply of inventory

New List Prices

Real Estate Statistics June 2022 Phoenix Arizona - median new list price of $495,000

Sales Prices

Median sales price of $475,000

Sales Price Forecast

median sales price forecast of $450,000

Distressed Homes / Foreclosures Pending

Real Estate Statistics June 2022 Phoenix Arizona - 1057 distressed residential properties

Distressed Sales

distressed sales are .1% of the market

Average Days On Market

Real Estate Statistics June 2022 Phoenix Arizona - average days on the market is 30

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$400,000 3 beds 2 baths 1,860 sqft 1502 E ANGELA Drive
Phoenix, AZ 85022Listing office: CC Fox Realty

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Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.