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

New Inventory

Total Inventory

Homes Under Contract

New List Prices

Sales Prices

Supply vs. Demand

ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021
ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021
ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021
ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021
ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021
ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021
Total monthly home sales are down month over month. This is a seasonal pattern of decline that we see almost every year.
New inventory is down slightly month-over-month.
Our total inventory for the Phoenix real estate market is down month-over-month, after a slight and hopeful tick upward in April.
Homes under contract continue to be steady, measuring out at 11,859 units in May.
The median list price in the Phoenix area jumped considerably month-over-month to $489,00. This is an indication that there is still low supply and high demand in Arizona.
The median sales price, measured at $390,000, continues to climb as the Valley struggles with it’s low housing inventory.
We’re still hovering at half a month’s worth of inventory, as buying demand remains steady.
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At www.SearchMyAZHome.com you will find the latest and most up to date information on homes for sale in Chandler, Gilbert, Mesa, Queen Creek, San Tan Valley, Tempe and all other cities in the Phoenix Metro area.
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