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

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 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

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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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View Our Featured Homes For Sale In Phoenix Arizona

August 17, 2022 By Nathan Mitchell

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Real Estate Statistics April 2022 Phoenix Arizona

May 5, 2022 By Nathan Mitchell

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

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics April 2022 Phoenix Arizona - Monthly sales: 8444

New Inventory

Real Estate Statistics April 2022 Phoenix Arizona - New Inventory: 10700

Total Inventory

Total Inventory: 6099

Homes Under Contract

Real Estate Statistics April 2022 Phoenix Arizona - Homes Under Contract: 10409

Months Supply of Inventory

Median New List Price: $536,000

New List Prices

Median Sales Price: $470,000

Supply vs. Demand

Real Estate Statistics April 2022 Phoenix Arizona - Supply VS. Demand: We have less than one month's inventory available. We are in a seller's market

Real Estate Statistics March 2022 Phoenix Arizona

April 4, 2022 By Nathan Mitchell

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

ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics March 2022 Phoenix Arizona - Monthly home sales: 9194 units

New Inventory

Real Estate Statistics March 2022 Phoenix Arizona - New inventory: 10220 units

Total Inventory

Total Inventory: 4392 units

Homes Under Contract

Homes under contract: 11161 units

Months Supply of Inventory

Real Estate Statistics March 2022 Phoenix Arizona - Median list price: $525,000

New List Prices

Real Estate Statistics March 2022 Phoenix Arizona - Median sales price: $460,000

Supply vs. Demand

Supply vs. Demand: we currently have roughly a half month of inventory available in Maricopa and Pinal County, single family homes

Real Estate Statistics January 2022 Phoenix Arizona

February 4, 2022 By Nathan Mitchell

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

ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics January 2022 Phoenix Arizona - 6351 units sold in January

New Inventory

Real Estate Statistics January 2022 Phoenix Arizona - 8396 new inventory units

Total Inventory

Real Estate Statistics January 2022 Phoenix Arizona - 4392 total listings

Homes Under Contract

Real Estate Statistics January 2022 Phoenix Arizona - 10924 listings under contract

Months Supply of Inventory

$499,900 median list price

New List Prices

$435,000 median sale price

Supply vs. Demand

Real Estate Statistics January 2022 Phoenix Arizona - .75 month's worth of inventory available

Real Estate Statistics November 2021 Phoenix Arizona

December 2, 2021 By Nathan Mitchell

Recapping November 2021 Sales Data for the Phoenix, Arizona Real Estate Market

ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics November 2021 Phoenix Arizona - 8,274 listings sold in November

New Inventory

Real Estate Statistics November 2021 Phoenix Arizona - 8,395 New listings in November

Total Inventory

6,242 total inventory in November

Homes Under Contract

11,224 under contract in November

Months Supply of Inventory

Real Estate Statistics November 2021 Phoenix Arizona - Median list price of $491,000

New List Prices

$422,000 median sales price

Supply vs. Demand

Less than a month's worth of inventory in November

Real Estate Statistics August 2021 Phoenix Arizona

September 2, 2021 By Nathan Mitchell

Recapping August 2021 Sales Data for the Phoenix, Arizona Real Estate Market

ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics August 2021 Phoenix Arizona - the number of listings sold for August was 8299.

New Inventory

Real Estate Statistics August 2021 Phoenix Arizona - New listings totaled 10409.

Total Inventory

Total inventory equalled 6199 for August.

Homes Under Contract

There were 11565 homes under contract in August.

Months Supply of Inventory

Real Estate Statistics August 2021 Phoenix Arizona - the median list price was $490,000 in August.

New List Prices

The median sale price was $405,000 in August.

Supply vs. Demand

The months of supply for home inventory is roughly .75%.

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$409,995 4 beds 2 baths 1,913 sqft 5024 S 112TH Avenue
Tolleson, AZ 85353Listing office: Real Estate Brokers of Arizona

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