Note: These charts represent the last 12-months of activity on residential real estate in Phoenix.
Phoenix Home Prices:
(12 Month History)
- 488000.00,520000.00,534449.50,529900.00,499900.00,499900.00,499990.00,488500.00,489000.00,484900.00,499000.00,499900.00
- 445000.00,430000.00,449900.00,420000.00,439000.00,449000.00,444500.00,435000.00,439000.00,458495.00,460000.00,469945.00
- 419900.00,425000.00,420000.00,425000.00,420000.00,420000.00,428999.00,419900.00,425000.00,425000.00,448997.50,439000.00
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.
- 1.77,1.71,1.71,1.68,1.76,1.95,2.23,2.52,2.46,2.45,2.58,2.73
Information is deemed to be reliable, but is not guaranteed. © 2024
Phoenix Inventory:
(12 Month History)
- 2337,2159,2126,2046,2120,2314,2604,2920,2803,2759,2894,3025
- 1471,1469,1397,1358,1498,1528,1500,1281,916,1650,1624,1742
- 1270,1506,1326,1153,1129,1057,1021,758,855,820,1010,1259
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.
- 64.3,60.2,53.3,48.6,45.5,45.2,43.8,47.6,54.0,58.8,61.1,58.9
Information is deemed to be reliable, but is not guaranteed. © 2024
Phoenix Volume:
(12 Month History)
- 1685368282,1609835629,1607404317,1480280185,1478769563,1630901492,1838828354,2032752175,1926042634,1885118915,2085186632,2209735537
- 872560393,850373203,828387821,753653106,867384741,933948088,918313857,798070969,539373636,1071107335,1029190837,1131824125
- 665180123,823847315,685534292,617212947,611898240,579195666,584931271,413916356,493527707,456858075,595844678,724273271
Information is deemed to be reliable, but is not guaranteed. © 2024
Comparison of Homes Sold – List Price to Sold Price:
(12 Month History)
- 523763.88,547043.37,516994.19,535310.45,541982.50,547961.84,572900.36,546063.79,577225.39,557143.99,589945.23,575276.63
- 509709.55,535988.39,509886.02,526094.27,533477.28,538595.07,562990.71,535181.37,562746.77,540389.25,576488.79,565561.95
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.
- 98.2,98.6,98.7,98.7,98.8,98.7,98.8,98.2,97.9,97.6,98.2,98.6
Information is deemed to be reliable, but is not guaranteed. © 2024