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Real Estate Statistics March 2021 Phoenix Arizona

March 26, 2021 By Nathan Mitchell

Real Estate Statistics March 2021 Phoenix Arizona - Hunter Clark and Nathan Mitchell

Real Estate Statistics March 2021 Phoenix Arizona

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

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics March 2021 Phoenix Arizona - Monthly Sales

Sales are up 8.2% month over month. The year over year comparison is up 5.2%.

New Inventory

New Inventory

New inventory is up 0.1% month over month. The year over year comparison decreased by 11.7%.

Total Inventory

Real Estate Statistics March 2021 Phoenix Arizona - Total Inventory

Total inventory has a month over month decrease of 7.7%. The year over year reflects a decrease of 43.8%.

Actives vs. UCB/CCBS

Real Estate Statistics March 2021 Phoenix Arizona - Active listings vs. UCB/CCBS

February UCB listings percent of total inventory was 48.9% with February CCBS listings at 3.7% of total inventory.

Months Supply of Inventory

Months supply of inventory for January was 1.34 with February at 1.14.

Months Supply of Inventory

New list prices

Average new list prices are up 14.1% year over year. The year over year median is up 14.3%.

New List Prices

Real Estate Statistics March 2021 Phoenix Arizona - Sales prices

The average sales price is up 22.3% year over year. The year over year median is up 18.6%.

Sales Price Forecast

Real Estate Statistics March 2021 Phoenix Arizona - Sales price forecast

An increase is forecasted in March for both average and median sales prices.

Distressed Homes / Foreclosures Pending

Foreclosures pending

Foreclosures pending month over month showed a decrease of 6.2% while the year over year was down 51.8%

Distressed Sales

Real Estate Statistics March 2021 Phoenix Arizona - Distressed sales

Distressed sales accounted for 0.4% of total sales, up from the previous month of 0.3%. Short sales dropped 50% year over year. Bank owned sales dropped 24.2% year over year.

Average Days On Market

Average days on market

Days on market were down 23 days year over year. Month over month went down by 3 days.

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: home buying in arizona, home selling in arizona, Real Estate Market Statistics, Real Estate Statistics

Real Estate Market Statistics March 2020 Phoenix

April 4, 2020 By Nathan Mitchell

Real Estate Market Statistics March 2020 Phoenix - Hunter Clark and Nathan Mitchell, Realtors

Recapping February, 2020 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Market Statistics March 2020 Phoenix - monthly home sales

New Inventory

Actives vs. UCB/CCBS

Real Estate Market Statistics March 2020 Phoenix - Months supply of inventory

Months Supply of Inventory

New List Prices

Real Estate Market Statistics March 2020 Phoenix - Sales prices

Sales Price Forecast

Real Estate Market Statistics March 2020 Phoenix - Sales price forecast

Distressed Homes / Foreclosures Pending

Distressed Sales

Average Days On Market

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: home buying in arizona, home selling in arizona, Real Estate Market Statistics, Real Estate Statistics

Real Estate Market Statistics August 2019 Phoenix

August 19, 2019 By Nathan Mitchell

Desert Premier Realty Group - Nathan Mitchell - Realtor

Recapping July, 2019 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Market Statistics August 2019 Phoenix - Monthly Sales

New Inventory

Real Estate Market Statistics August 2019 Phoenix - New Inventory
Real Estate Market Statistics August 2019 Phoenix - Total Inventory

Actives vs. UCB/CCBS

Real Estate Market Statistics August 2019 Phoenix - Actives vs UCB/CCBS
Months supply of inventory - phoenix, az

Months Supply of Inventory

New list prices

New List Prices

Real Estate Market Statistics August 2019 Phoenix - sales prices

Sales Price Forecast

sale price forecast

Distressed Homes / Foreclosures Pending

Real Estate Market Statistics August 2019 Phoenix - Distressed Home/Foreclosures Pending

Distressed Sales

distressed sales

Average Days On Market

average days on market

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Homes for sale, Arizona real estate, Arizona Regional Mls, Real Estate Market Statistics, Real Estate Statistics

Real Estate Market Statistics October 2015 Phoenix

October 17, 2015 By Nathan Mitchell

Real Estate Market Statistics October 2015 - ARMLS Cover

Real Estate Market Statistics October 2015 Phoenix, Arizona

 

Short on time? Receive the latest edition of this PDF report by email!

 

Monthly Home Sales Phoenix, Arizona October 2015

Real Estate Market Statistics October 2015 - Monthly Sales

New Inventory

Real Estate Market Statistics October 2015 - New Inventory

Total Inventory

Real Estate Market Statistics October 2015 - Total Inventory

Active Listings vs UCB (Under Contract Accepting Backups)

Real Estate Market Statistics October 2015 - Actives vs UCB

Months Supply of Inventory

Real Estate Market Statistics October 2015 - Months Supply of Inventory

New List Prices

Real Estate Market Statistics October 2015 - New List Prices

Sales Prices

Real Estate Market Statistics October 2015 - Sales Prices

Sales Price Forecast

Real Estate Market Statistics October 2015 - Sales Price Forecast

Foreclosures Pending

Real Estate Market Statistics October 2015 - Foreclosures Pending

Distressed Sales

Real Estate Market Statistics October 2015 - Distressed Sales

Average Days on Market

Real Estate Market Statistics October 2015 - Average Days on Market

 

Get This Report Every Month

 

Read the full report here.

 

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona real estate, Arizona Real Estate Market Statistics, Arizona Regional Mls, Real Estate Statistics

Rental Statistics May 2014 – Phoenix

May 13, 2014 By Nathan Mitchell

ARMLS Rent Check

Rental Statistics May 2014 - Phoenix

Rental Statistics May 2014 - Phoenix

Rental Statistics May 2014 - Phoenix

Rental Statistics May 2014 - Phoenix

Filed Under: Blog, Rental Statistics Tagged With: Phoenix Rentals, Real Estate Statistics, rental statistics

Real Estate Market Statistics May 2014 – Phoenix

May 13, 2014 By Nathan Mitchell

Real Estate Market Statistics May 2014 - Phoenix

Real Estate Market Statistics May 2014 – Phoenix, Arizona

 

Short on time? Receive the latest edition of this PDF report by email!

 

Monthly Home Sales for Phoenix, Arizona May 2014

Real Estate Market Statistics May 2014 – Phoenix Monthly Sales

Homes sales in the Phoenix area are down, predictably, year over year.  This continues to signify a lower buyer demand for homes in the Valley.

New inventory for resale homes

Real Estate Market Statistics May 2014 – Phoenix New Inventory

New inventory for resale homes is down and should start to flatten out as we move closer to summer.

Total inventory for resale homes

Real Estate Market Statistics May 2014 – Phoenix Total Inventory

Total inventory for resale homes remains flat month over month, up almost 50% year over year.

Active inventory vs. homes under contract (UCB)

Real Estate Market Statistics May 2014 – Phoenix Actives vs. UCB

Months supply of inventory

Real Estate Market Statistics May 2014 – Phoenix Months supply of inventory

 

New list prices

Real Estate Market Statistics May 2014 – Phoenix New list prices

Sale Prices

Real Estate Market Statistics May 2014 – Phoenix Sale prices

Sales Price Forecast

Real Estate Market Statistics May 2014 – Phoenix Sales price forecast

Pending foreclosures

Real Estate Market Statistics May 2014 – Phoenix Pending foreclosures

Distressed sales

Real Estate Market Statistics May 2014 – Phoenix Distressed sales

 

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While home buying demand is still down, we are seeing fewer and fewer distressed sales each month.  This is a great indication of the real estate market getting healthier overall. 90% of homes sold in the Valley are normal sales.

Average days on the market

Real Estate Market Statistics May 2014 – Phoenix Average Days on Market

We are seeing what appears to be a balancing of the market, with monthly supply staying under 4 months and days on market flattening out.

Buyer demand continues to be a question mark in the current real estate market.  There is definitely potential for a greater influx of home buyers:

  1. Retiring baby boomers
  2. Boomerang buyers (buyers with a previous short sale or foreclosure)
  3. First time home buyers

We can only wait and see what factors will come into play that will help these potential buyers to decide to enter the real estate market and purchase a home.

 

Real Estate Market Statistics April 2014

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona, Arizona Homes for sale, Arizona real estate, Distressed Properties, home buying, home for sale in Arizona, home values, Homes Sale Prices, Inventory, Monthly Sales, Pending foreclosures Phoenix, Phoenix, Phoenix Arizona, Phoenix Homes for sale, Phoenix Real Estate, Property For Sale In Phoenix, Real Estate Market Statistics, Real Estate Statistics, Short Sale, Short Sales

Real Estate Statistics March 2014 – Phoenix

March 13, 2014 By Nathan Mitchell

Real Estate Statistics March 2014 - Phoenix

Real Estate Statistics March 2014

Phoenix, Arizona

 

Monthly home sales for Phoenix, Arizona March 2014

Monthly Home Sales Real Estate Statistics March 2014 - Phoenix

As is typical for this time of year,  we have seen a bump up in sales for February, to the tune of about 700 units.  The number of home sales for February 2014 isn’t quite what we saw this time last year (it’s about 17% lower).

We should see another bump in home sales for the month of March as we get into the busy season for real estate here in the Valley.

New inventory for resale homes

New Inventory Real Estate Statistics March 2014 - Phoenix

New inventory is down almost 11% month-over-month.  As you can see above, this is following last year’s trend quite closely.  The difference we see here is the amount of new inventory for resale homes year-over-year.  We have almost 11% more homes coming on the market in February 2014 than we did for 2013.  This will add to our total inventory, as you can see below.

Total inventory for resale homes

Total Inventory Real Estate Statistics March 2014 - Phoenix

The continued increase in new home listings, coupled with lower buying activity results in a higher resale home inventory.

Active inventory vs. Homes under contract (UCB)

Active vs Under Contract Real Estate Statistics March 2014 - Phoenix

Actives vs. UCB continue to diverge as we approach a more normal market.  UCB on the Arizona Regional Multiple Listing Service stands for Under Contract – Accepting backups.  UCB is a common label for short sales that are under contract.

Months supply of inventory

Months Supply of Inventory -Real Estate Statistics March 2014 - Phoenix

New List Prices

New List Prices - Real Estate Statistics March 2014 - Phoenix

Average list prices should continue to flatten out and possibly drop a bit, as the average total days on market begin to rise.

Sales Prices

Sales Prices Real Estate Statistics March 2014 - Phoenix

Sales price forecast

Sales Price Forecast Real Estate Statistics March 2014 - Phoenix

Pending Foreclosures

Foreclosures Pending - Real Estate Statistics March 2014 - Phoenix

We continue to see lower pending foreclosures on a monthly and yearly basis.  Hopefully the trend will continue, as the market becomes more and more healthy.

Distressed Sales

Distressed Sales -Real Estate Statistics March 2014 - Phoenix

Average days on the market

Average Days on the Market - Real Estate Statistics March 2014 - Phoenix

We are at a 12 month high for days on market.  We should start to see this statistic flatten as we move into the heat of the home buying season.

It’s always tough to predict the future.  If history is any indicator, then we should start to see the number of home sales pick up as we move along in the month of March and into April.

With the continued rise of resale home inventory, home buyers will continue to have more choices, which should lead to less multiple offer situations on average. This should lead to an overall flattening of home sale prices and initial listing prices.

Are you a home buyer and just starting to research the housing market?  Don’t miss this article on how to receive the most up to date home sale information that is available on homes for sale in the Phoenix metro area.

Real Estate Market Statistics March 2014

Filed Under: Real Estate Market Statistics Tagged With: Arizona real estate, Arizona real estate market, home buying, home inventory, home sales, Phoenix Metro Area, Phoenix Real Estate, Real Estate Statistics

November 2013 Real Estate Statistics – Phoenix

December 8, 2013 By Nathan Mitchell

October 2013 Real Estate Statistics -Phoenix

 

November 2013 Real Estate Statistics – Phoenix

 

See October 2013 Real Estate Statistics Here

Monthly Home Sales for Phoenix, Arizona November 2013

November 2013 Real Estate Statistics Monthly Sales

New Inventory (New Listings)

New Inventory - Phoenix Real Estate November 2013

Total Inventory

Total Inventory Phoenix Real Estate

Active Home Listings

Active Homes for Sale Phoenix Arizona November 2013

Months Supply of Inventory

Phoenix Real Estate Months Supply of Inventory

New List Prices

New List Prices Phoenix Arizona

Sale Prices

Home Sale Prices November 2013 Phoenix Arizona

Foreclosures Pending

Pending foreclosures Phoenix Arizona November 2013

Distressed Sales

Distressed Sales Phoenix Arizona November 2013

Average Days on Market

Average Days on Market November 2013 Phoenix Arizona

 

Click Here to see the market report in it’s entirety.

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona real estate, home buying, home for sale in Arizona, Homes for sale in Arizona, Phoenix Homes for sale, Phoenix Real Estate, Real Estate Statistics

October 2013 Real Estate Statistics – Phoenix

November 1, 2013 By Nathan Mitchell

October 2013 Real Estate Statistics -Phoenix

 

October 2013 Real Estate Statistics For Phoenix

 

See September 2013 Real Estate Statistics Here

Monthly Home Sales for Phoenix, Arizona October 2013

October 2013 Real Estate Statistics - Phoenix Monthly Sales

 

October 2013 Real Estate Statistics for Phoenix Arizona:

Monthly homes sales for Phoenix Arizona are down once again.  10.5% month over month and 2.5% year over year.  This is continuing to follow the normal trending for this time of year.

 New Inventory (New Listings)

New Inventory

 Total Home Inventory

Total Inventory October 2013 Phoenix Arizona

 Active Listings vs. Under Contract Taking Backups

Active Homes Versus Under Contract

 Months Supply of Home Inventory

Months Supply of Inventory for Phoenix October 2013

 New Home Listings Prices

New List Prices October 2013 Phoenix Arizona

 Home Sale Prices

Home Sale Prices in Phoenix Arizona October 2013

 Pending Foreclosures

Pending Foreclosures October 2013

 Distressed Home Sales

Distressed Sales Phoenix Arizona October 2013

 Average Days on Market

Average Days on Market

 

 Click here to see the Market Statistics Report in it’s entirety.

 

 

Filed Under: Blog, Real Estate Market Statistics Tagged With: Homes Sale Prices, Inventory, October 2013 Real Estate Statistics, Phoenix, Phoenix Arizona, Real Estate Statistics

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
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Nathan Mitchell
Nathan Mitchell
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