Note: These charts represent the last 12-months of activity on residential real estate in Phoenix.
Phoenix Home Prices:
(12 Month History)
- 520000.00,531500.00,529000.00,499900.00,499900.00,499990.00,488000.00,489000.00,484900.00,499000.00,499900.00,499999.00
- 430000.00,449900.00,420000.00,439000.00,449000.00,444499.50,435000.00,439000.00,456495.00,460000.00,465000.00,469000.00
- 425000.00,420000.00,425000.00,420000.00,420000.00,428999.00,419900.00,425000.00,425000.00,448997.50,439000.00,448249.50
Information is deemed to be reliable, but is not guaranteed. © 2024
Phoenix Absorption Rate:
(12 Month History)
This rate represents the number of months it would take to deplete the current inventory with no new listings. The absorption rate in a balanced market is typically between 5 – 7 months. A higher number would reflect more of a buyer’s market and a lower number a seller’s market.
- 1.71,1.71,1.68,1.76,1.95,2.24,2.52,2.47,2.46,2.59,2.72,2.88
Information is deemed to be reliable, but is not guaranteed. © 2024
Phoenix Inventory:
(12 Month History)
- 2158,2125,2047,2120,2316,2605,2923,2809,2765,2903,3011,3162
- 1469,1397,1358,1498,1528,1500,1281,916,1650,1623,1742,1730
- 1506,1326,1153,1129,1057,1021,758,855,820,1010,1259,1251
Information is deemed to be reliable, but is not guaranteed. © 2024
Average Days on Market in Phoenix:
(12 Month History)
This number represents the average number of days between the original listing date and the “under contract” date among the homes sold in a given month.
- 60.2,53.3,48.6,45.5,45.2,43.8,47.6,54.0,58.8,61.1,58.9,60.7
Information is deemed to be reliable, but is not guaranteed. © 2024
Phoenix Volume:
(12 Month History)
- 1609161729,1606235017,1480107085,1478033563,1631192493,1837700655,2032027508,1929785641,1886740959,2087417285,2184724335,2297388600
- 850348203,828164421,753413406,867381741,933864120,917608492,797584775,537993741,1069453691,1024696216,1124349182,1091438115
- 823847315,685534292,617212947,611898240,579195666,584931271,413916356,493527707,456858075,595844678,724273271,755635756
Information is deemed to be reliable, but is not guaranteed. © 2024
Comparison of Homes Sold – List Price to Sold Price:
(12 Month History)
- 547043.37,516994.19,535310.45,541982.50,547961.84,572900.36,546063.79,577225.39,557143.99,589945.23,575276.63,604025.38
- 535988.39,509886.02,526094.27,533477.28,538595.07,562990.71,535181.37,562746.77,540389.25,576488.79,565561.95,591352.92
Information is deemed to be reliable, but is not guaranteed. © 2024
Sale to List Price Ratio:
(12 Month History)
This ratio represents the average percentage of the list price that sellers accepted in a given month.
- 98.6,98.7,98.7,98.8,98.7,98.8,98.2,97.9,97.6,98.2,98.6,98.3
Information is deemed to be reliable, but is not guaranteed. © 2024