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September 2013 Real Estate Statistics – Phoenix

September 18, 2013 By Nathan Mitchell

September 2013 Real Estate Statistics -Phoenix

 September 2013 Real Estate Statistics for Phoenix, Arizona

 

Monthly Home Sales for Phoenix

Monthly Home Sales September 2013

September 2013 Real Estate Statistics:

Monthly home sales for Phoenix, Arizona and the metro area are down just over 14.1% month over month.   Home sales are down year over year as well, with a 6.9% drop.  While we don’t like to see home sales fall, this is nothing to be alarmed about yet.  We’ll have to continue to watch the sales numbers in order to see if there is a developing trend.

 New Inventory (New Listings)

New Home Inventory September 2013

As you might expect, inventory tends to rise, as home sales in the Valley start to slow.

 Total Home Inventory

Total Home Inventory Phoenix September 2013

 Months Supply Of Inventory

Months Supply of Home Inventory Phoenix September 2013

Months supply of (home for sale) inventory has risen to 3.03.  Here in Arizona, the Phoenix Metro area, a 6 months supply of inventory is often considered a balanced market.  We are quite a ways away from having  6 months of inventory at this point.

 New Inventory List Prices

New Home Listing Prices Phoenix September 2013

September 2013 Real Estate Statistics: New List Prices

While the year over year numbers for new list prices are up substantially, we’re starting to see a bit of flattening over the past few months.

 

 Home Sale Prices – Phoenix Arizona

Home Sale Prices Phoenix September 2013

Home sale prices are up year over year, we may start to see some flattening and/or softening if sales continue to slow.

 

 Home Pricing Forecast September 2013

Home Sale Prices Forecast Phoenix September 2013

 Pending Foreclosures September 2013

Pending Foreclosures Phoenix September 2013

September 2013 Real Estate Statistics: Pending Foreclosures

Pending foreclosures continue their decline with the overall strengthening of the real estate market.

 Distressed Home Sales

Distressed Home Sales Phoenix September 2013

 Home Sales Average Days on Market – September 2013

Home Sale Days on Market Phoenix September 2013

 

Overall, we’re beginning to see some slowdown in sales as we move into the fall months of 2013, which is typically expected.  We should start to see more slowing, getting into the holidays.  This news can be good for potential buyers who have been taking a “wait and see” approach on whether or not to enter the real estate market.  With the slow down in sales, buyers will begin to see more available homes and will have more potential homes to choose from, without the fear of having multiple offers on every home they see.

See the latest ARMLS STAT report in it’s entirety.  Click Here.


 

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Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona, distressed sales Phoenix, Foreclosure, Foreclosures Phoenix, Home Sale Phoenix, home sale prices Phoenix, Home Sales Fall, home sales in phoenix, Inventory Phoenix, Pending foreclosures Phoenix, Phoenix, Phoenix Arizona, Real Estate Statistics, Sale Phoenix, September 2013 Real Estate Statistics

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Hunter Clark
Hunter Clark
602-625-3866
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Nathan Mitchell
Nathan Mitchell
480-529-6329

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