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)
  • 327000.00,328000.00,329900.00,334625.00,341000.00,349900.00,355000.00,355503.00,357000.00,359000.00,362000.00,364900.00
  • 279000.00,275000.00,287995.00,288995.00,290000.00,291315.50,295000.00,290000.00,285000.00,291258.00,299900.00,300000.00
  • 262500.00,263000.00,263000.00,265000.00,267000.00,270000.00,279000.00,279900.00,280000.00,280000.00,280000.00,285000.00

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.
  • 2.51,2.47,2.53,2.73,2.69,2.62,2.46,2.32,2.11,1.96,1.93,2.02

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


Home Inventory:

(12 Month History)
  • 20320,19895,20189,21624,21179,20397,19202,18220,16628,15546,15441,16329
  • 8630,6195,10983,9652,11308,11166,11181,9313,8814,9822,9269,10032
  • 6639,6459,5468,6523,8491,9657,10528,9473,9349,8915,8021,8030

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.
  • 64.1,67.2,70.7,72.9,71.5,68.5,64.9,64.0,62.8,62.2,58.1,58.1

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


Volume:

(12 Month History)
  • 10814350303,10742334875,11068211473,11809207144,11842862304,11676158443,11112164400,10513038545,9561511681,8944171591,9075071744,9725418115
  • 3363479984,2361701137,4567629615,3760781225,4421914852,4290038689,4284585422,3452304175,3145447028,3653048953,3799349906,4296664734
  • 2236034602,2166924168,1839055705,2201530304,2974310306,3372548434,3742910029,3390385250,3260434269,3094385100,2739697945,2839700714

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 336802.92,335489.11,336330.60,337502.73,350289.75,349233.55,355519.57,357899.85,348746.85,347098.72,341565.63,353636.45
  • 329309.65,327920.22,327970.87,328924.72,340901.44,341340.91,348176.83,350525.86,341949.18,340416.47,335311.19,347070.39

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

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