Phoenix Metro Real Estate Statistics

STATISTICS BY CITY:
AnthemApache JunctionAvondaleBuckeyeCarefreeCasa GrandeCave CreekChandlerEl MirageFountain HillsGilbertGlendaleGold CanyonGoodyearLaveenLitchfield ParkMaricopaMesaNew RiverParadise ValleyPeoriaPhoenixQueen CreekRio VerdeSan Tan ValleyScottsdaleSun CitySun City WestSun LakesSurpriseTempeTollesonWickenburg
Note: The charts below represent statistics for the entire Phoenix metro area. Select a link above for stats on a specific city.

Home Prices:

(12 Month History)
  • 329999.00,329000.00,327000.00,328000.00,329900.00,334900.00,341990.00,349900.00,355000.00,358000.00,359900.00,360000.00
  • 277900.00,281000.00,279000.00,275000.00,288000.00,289000.00,290000.00,290000.00,295000.00,292000.00,285000.00,294984.00
  • 260000.00,262500.00,262500.00,263000.00,263000.00,265000.00,267000.00,270000.00,279000.00,279900.00,280000.00,280000.00

Information is deemed to be reliable, but is not guaranteed. © 2019


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 reflects more of a buyer’s market and a lower number a seller’s market.
  • 2.25,2.39,2.51,2.47,2.53,2.73,2.69,2.62,2.45,2.32,2.11,2

Information is deemed to be reliable, but is not guaranteed. © 2019


Home Inventory:

(12 Month History)
  • 18333,19354,20320,19892,20188,21619,21167,20381,19179,18187,16590,15847
  • 9223,9875,8630,6195,10983,9652,11308,11166,11183,9313,8814,9790
  • 7071,7354,6639,6459,5467,6524,8491,9658,10528,9478,9349,8917

Information is deemed to be reliable, but is not guaranteed. © 2019


Average Days on Market:

(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.
  • 62.7,61.1,64.1,67.2,70.7,72.9,71.5,68.5,64.8,63.9,62.8,62.1

Information is deemed to be reliable, but is not guaranteed. © 2019


Volume:

(12 Month History)
  • 9550305369,10177493131,10823578555,10750766364,11085679857,11830902252,11864067940,11703190132,11144909249,10549231203,9610025800,9146750580
  • 3540087988,3905070133,3365820036,2362622140,4576879280,3764436855,4426833523,4297563288,4293441002,3466434919,3159062860,3667986734
  • 2307371495,2453908457,2236034602,2166924168,1838709805,2201830224,2974310306,3372600434,3743003129,3391981247,3259815525,3093756625

Information is deemed to be reliable, but is not guaranteed. © 2019


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 326314.74,333683.50,336802.92,335489.11,336328.85,337496.97,350289.75,349202.78,355528.41,357879.43,348680.66,346950.39
  • 319588.24,326371.31,329310.71,327920.22,327967.75,328920.74,340900.97,341312.59,348193.26,350535.69,341875.59,340298.38

Information is deemed to be reliable, but is not guaranteed. © 2019


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.
  • 98.3,98.3,98.2,98.1,97.9,98.1,98.2,98.3,98.5,98.6,98.6,98.5

Information is deemed to be reliable, but is not guaranteed. © 2019