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)
  • 338499.00,331000.00,329999.00,329000.00,327900.00,328775.00,329900.00,334900.00,342176.00,349900.00,358607.00,359900.00
  • 272000.00,275000.00,277900.00,281000.00,279000.00,275000.00,288000.00,289000.00,290000.00,292656.00,295000.00,294990.00
  • 265000.00,263000.00,260000.00,262500.00,262500.00,263000.00,263000.00,265000.00,267000.00,270000.00,279000.00,279900.00

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.
  • 2.2,2.2,2.26,2.39,2.51,2.47,2.53,2.73,2.69,2.62,2.45,2.35

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


Home Inventory:

(12 Month History)
  • 17777,17855,18340,19360,20317,19888,20180,21609,21151,20359,19163,18475
  • 9090,10001,9223,9875,8630,6195,10983,9652,11308,11168,11183,9285
  • 8544,8255,7071,7354,6640,6458,5467,6524,8491,9660,10531,9480

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.
  • 60.0,61.4,62.7,61.1,64.1,67.2,70.7,72.9,71.5,68.5,64.9,63.9

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


Volume:

(12 Month History)
  • 9533204817,9398058354,9565430113,10193099531,10837954962,10765829276,11103000702,11853486127,11888033657,11739526250,11204755225,10769706726
  • 3091715894,3524717146,3540524423,3908463041,3367482817,2363296271,4582339441,3768709271,4434568686,4308457985,4311252833,3478449671
  • 2794108047,2733008547,2307371495,2453908457,2236210602,2166748168,1838709805,2201660124,2974480406,3373917239,3743873609,3392081978

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 327025.75,331073.11,326314.74,333683.50,336778.71,335513.81,336328.85,337470.90,350309.79,349266.79,355509.79,357814.55
  • 320754.34,323549.51,319588.52,326370.41,329289.88,327944.37,327968.89,328907.56,340923.42,341382.61,348185.57,350495.88

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

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