Real estate & real living in the Valley of the Sun
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Market Info

Keep informed about our local Real Estate market. Bookmark this page or check back regularly for the latest info generated from ARMLS (Arizona Regional MLS) stats!

Read my Market Updates

Phoenix/Scottsdale Metro Area Sale Prices

  • 225000.00,230000.00,230000.00,234000.00,240000.00,245000.00,242000.00,245000.00,242450.00,246000.00,245000.00,246000.00

Information is deemed to be reliable, but is not guaranteed. © 2018

This chart represents median home prices in the area; Median is defined as roughly half of the sales are higher than this number and roughly half were lower.

As a reference, the monthly median sales price peaked in June of 2006 at $270,000.

Phoenix/Scottsdale Metro Area Days on Market

  • 76.9,78.0,74.1,72.4,68.8,66.3,64.2,65.1,65.0,64.0,65.8,67.0

Information is deemed to be reliable, but is not guaranteed. © 2018

This chart shows how many days it takes on average for a home to get a contract that results in a closed sale. This includes the additional days incurred by listings that have endured multiple agents within a 90 day period. Sellers ideally want fewer days on market.

A balanced market, favoring neither buyer, nor seller, is represented with a number between 90-180 days. Under 90 days considered is a “Seller’s market”; Over 180 days is a “Buyer’s Market.

Phoenix Metro Area Inventory

  • 21965,22379,22203,21750,21280,20582,19998,19278,19879,20530,20540,19851
  • 10316,10016,12200,10518,10671,10235,8950,9854,9647,9974,8553,6253
  • 7955,8364,10068,9231,9097,8295,7697,7933,7231,7519,7000,5077
  • 6039,6532,9354,8829,9859,9612,8021,8258,7509,7424,7211,7198

Information is deemed to be reliable, but is not guaranteed. © 2018

This chart shows how the segments of inventory are changing; the number of active listings there are (with no contracts), the number of new listings coming on the market, the number of homes under contract and the number that has sold within a given month.

Phoenix/Scottsdale Metro Area Listing Absorption Rate (Months)

  • 2.93,2.96,2.91,2.82,2.75,2.63,2.54,2.44,2.51,2.59,2.58,2.49

Information is deemed to be reliable, but is not guaranteed. © 2018

This chart demonstrates how quickly buyer demand depletes or “absorbs” new listings that go on the market.

A Higher rate favors sellers and a lower rate favors buyers.

Phoenix/Scottsdale Metro Area Sale/Original List Price Ratio

  • 96.0,96.4,96.6,96.7,96.7,96.8,96.9,96.7,96.7,96.7,96.6,96.4

Information is deemed to be reliable, but is not guaranteed. © 2018

This chart shows the ratio of the sale price to the original price at which the home was listed. Remember, because this is represented as a percentage of the original price, the difference may equate to thousands of dollars.

The ideal for sellers is for this ratio to be as close to 100 as possible- at 100 sellers are selling at full asking price.

 

Related Content:

8 “Must Do’s” to Sell Your Home Now

Buyer Pep Talk: Don’t Focus on the Wrong Things

March 2016 Phoenix Metro Real Estate Snapshot

Buyers: BEFORE you meet with your agent…


Camille Swanson, REALTOR®
Call (602) 810-1750 Direct
(480) 998-0676 Office
camille@camilleswanson.com

6263 N. Scottsdale Rd. #140
Scottsdale, AZ 85250

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