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2015 3rd QTR Market Recap

October 29th, 2015

Home > Arizona Real Estate News > 2015 3rd QTR Market Recap
April 2019 Phoenix metro real estate update

The majority of 2015 has been relatively flat and the third quarter was no exception. Here’s our 2015 3rd QTR market recap for Maricopa County. Overall, there were 22029 sales–this includes all housing product types.  This is a snapshot of the overall trends for the 3rd quarter across the county:

2015 3rd QTR Market Recap

Note:  the “low” and “high” rows in the above chart represent individual properties.

Of the 22,029 properties that sold last quarter, 1607 or 7% were “distressed” sales–this includes bank owned homes, short sales, auction properties and pre-foreclosure properties.

Here is a graph that shows market activity in units sold for the 3rd quarter:

This graph shows the average days on market trend for the 3rd quarter:

We believe that there is pent-up demand for housing given the relatively low level of market activity over the past three quarters; the low inventory level currently and the favorable loan rates that are available to buyers. For more home buying information, visit our home buying insights page. If you have questions about the market, a community or particular property, please contact one of our outstanding Luxe agents.

Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona Real Estate News, Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix Real Estate

About Luxe Real Estate Group

The Luxe Real Estate Group is a boutique firm offering residential and commercial clients the highest level of service and expertise in the industry. The agents of Luxe form a dynamic, hard-working and dedicated team who continually strive to exceed client expectations.. If you are thinking of buying or selling an Arizona home and would like to discuss your needs, find a Luxe agent now.

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