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)
  • 345000.00,349000.00,349900.00,340000.00,338499.00,332000.00,330000.00,329900.00,329000.00,329500.00,330000.00,336803.50
  • 276000.00,279481.00,278000.00,274970.00,272000.00,275000.00,278000.00,282275.00,279000.00,275000.00,289000.00,289900.00
  • 254900.00,255000.00,265000.00,268000.00,265000.00,263000.00,260000.00,262584.50,262500.00,263000.00,262950.00,265000.00

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.
  • 2.38,2.35,2.27,2.26,2.2,2.19,2.25,2.39,2.51,2.47,2.52,2.76

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


Home Inventory:

(12 Month History)
  • 19183,18955,18357,18358,17781,17849,18333,19344,20295,19850,20129,21826
  • 11560,10804,10677,10238,9092,10003,9223,9875,8630,6195,10987,9637
  • 9647,9185,10105,9236,8548,8255,7071,7352,6643,6466,5464,6529

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.
  • 71.3,65.2,62.4,61.5,60.0,61.4,62.7,61.1,64.1,67.2,70.7,72.8

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


Volume:

(12 Month History)
  • 11058329857,11088714921,10693435184,10191545125,9558992089,9423326151,9597947004,10233159832,10892428818,10819810578,11180638509,12114023814
  • 4354939443,3923927228,3806214378,3568301138,3094603969,3529234331,3550285924,3923164092,3385323419,2378016171,4618065689,3810889353
  • 3143021740,3034356687,3432591420,3144821582,2795154447,2733008547,2307371495,2453454607,2236859552,2168807512,1837613915,2202087823

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 325803.02,330360.01,339692.37,340496.06,326995.14,331073.11,326314.74,333712.54,336724.30,335417.18,336312.94,337277.96
  • 318350.71,323464.32,331955.44,333332.37,320747.49,323550.39,319594.96,326403.59,329246.62,327901.67,327959.36,328758.80

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.
  • 98.3,98.4,98.5,98.5,98.5,98.3,98.3,98.3,98.2,98.2,97.9,98.1

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