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)
  • 349900.00,340000.00,338000.00,331000.00,329997.00,329250.00,328000.00,329000.00,329900.00,334995.00,344000.00,350000.00
  • 278000.00,274925.00,272000.00,275000.00,277900.00,281708.00,279000.00,275000.00,288250.00,289000.00,290000.00,294950.00
  • 265000.00,268000.00,265000.00,263000.00,260000.00,262584.50,262500.00,263000.00,263000.00,265000.00,267000.00,270000.00

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.
  • 2.27,2.26,2.2,2.2,2.26,2.39,2.51,2.47,2.53,2.72,2.68,2.67

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


Home Inventory:

(12 Month History)
  • 18354,18359,17784,17855,18341,19358,20317,19883,20167,21577,21126,20797
  • 10677,10238,9089,10003,9223,9875,8630,6195,10983,9652,11308,11155
  • 10104,9236,8545,8255,7071,7352,6641,6460,5468,6524,8496,9663

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.
  • 62.4,61.5,60.0,61.4,62.7,61.1,64.1,67.2,70.7,72.9,71.5,68.4

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


Volume:

(12 Month History)
  • 10683516505,10180743653,9545816202,9408869728,9580001155,10207758097,10858651436,10778284169,11118452667,11872479499,11930642712,12021878255
  • 3804307174,3565263523,3091798023,3526005785,3542597523,3912748402,3372026827,2365268156,4592132876,3780344186,4454479630,4332657847
  • 3432261520,3145040682,2794295547,2733008547,2307371495,2453454607,2236464552,2167173163,1838929805,2201733134,2976476879,3372778128

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 339693.34,340519.78,327009.43,331073.11,326314.74,333712.54,336766.23,335475.72,336307.57,337482.09,350338.62,349040.48
  • 331956.42,333355.05,320761.69,323550.72,319588.81,326400.05,329284.18,327927.67,327951.94,328928.94,340954.09,341227.72

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

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