The Phoenix market, generally speaking, is in balance--some areas are doing worse/better than others, but at this moment, neither buyer nor seller seems to have the upper hand. Available housing inventory has been relatively stable the past 30 days as there are currently 25,725 active listings--nearly identical to what we had last month. The active listings have been on the market for an average of 96 days--unchanged from last month. There are currently 7415 pending sales. Indeed, there has been an increase in contract activity, month-over-month. The chart below shows how the pending sales
Phoenix Metro Real Estate Report | Oct 2025
At the end of July, inventory around the county had been dropping. Over the past two months, housing inventory has been relatively stable with just a small increase month-over-month. There are 25,279 active listings across the Phoenix metro area and those listings have been on the market for an average of 96--this is similar to other cities like Scottsdale. Let's take a close look at what's going on across the valley. The chart below shows how the total active listings have changed over the past two years--as you can see, the past two months have shown a slight increase in available
Phoenix Metro Real Estate Report | Aug 2025
Housing inventory has been falling slowly for the past two months. According to Realtor.com, Phoenix is just behind Miami as the city with the second most delistings month-over-month. Delistings occur when a seller removes an active listing from the market--there can be many reasons, but in our area, it is most likely due to unrealistic pricing expectations. There are currently 23,820 active listings--this represents a 6.5% drop over the past 60 days. The active listings around the county have been on the market for an average of 99 days. This chart shows the drop in new-to-market
Phoenix Metro Real Estate Update | May 2025
Everywhere you look, there is news about the Phoenix market crashing. So, what's really going on? Is there truth to the click bait headlines? Let's jump into our Phoenix metro real estate update for May 2025 to find out. As always, the big numbers we are watching are available inventory, home loan rates and the contract ratio--that is the new listing to pending sale ratio. Our inventory was climbing month-over-month but it has been pretty steady for the past 30-45 days. Currently there are approximately 25,591 active listings across the Phoenix metro area(this does not include homes that are
Phoenix Metro Market Update | March 2025
More and more available housing inventory is the big news--across the county, we are seeing inventory rise. As of April 19, 2025, there are 26,240 actively listed properties across the greater Phoenix metro area. The active listings have been on the market for an average of 84 days. There are currently 9130 pending sales and 784 "coming soon" listings. From March 1 to March 31, 2025 there have been 6951 closed sales. Here are some MLS stats for recently closed sales: Declining Sales and More Available Inventory The chart below shows the decline in total closed sales over the past
Phoenix Metro Market Report | Feb 2025
There are a few key indicators to the health and direction of a real estate market--those are interest rates, available inventory and the contract ratio. The contract ratio for the Phoenix metro area is currently 34% which means that 34% of the available homes are under contract. Housing inventory has been going up for quite some time with only a few periods of decline. As of mid-March, there are currently 24,853 available properties for sale--compare this to January's figure of 22,258. The active inventory has been on the market for an average of 85 days. The charts below highlight the
Phoenix Metro Market Update | Jan 2025
Since our last update in early November, housing inventory across the county has risen. This Phoenix metro market update for January 2025 will cover current conditions and sales since November 1, 2024. As of January 25, 2025, there are 22,258 active listings in Maricopa County which have been on the market an average of 91 days. Despite this being the prime selling season, days on market has increased--the primary reason being a rise in already high interest rates. There are 6738 pending sales and 741 "coming soon" listings. Contract activity has been relatively good--there was a sharp
Phoenix Metro Market Update | Oct 2024
Just as we saw in September, the trend currently is that housing inventory is increasing around the valley--including areas like Scottsdale and Paradise Valley. Let's dig into our Phoenix metro market update for sales data in October of 2024. There are currently 21,750 active listings which have been on the market for an average of 80 days. There are just over 500 "coming soon" listings and 6842 homes under contract--pending sales have not dropped much in the past 30 days. From October 1, 2024 to October 31, there were 5847 closed sales--up from 4921 for September. Phoenix as a city is
Phoenix Metro Real Estate Update | Sept 2024
Last month there were 18491 active listings across Maricopa County--as of Sept 30, 2024, there are 19750 available properties. Inventory has risen in most cities and towns including Scottsdale and Paradise Valley. Let's dive into our Phoenix metro real estate update for Sept 2024. The active listings have been on the market for an average of 83 days--no change over the past 30 days. There are 7069 pending sales--up from 6612 last month. There are 784 "coming soon" listings and since Sept 1, 2024, there have been 4921 sales--down from 5641 in August. The graph below shows how the number of
Phoenix Metro Real Estate Report | Aug 2024
Housing inventory across Maricopa County has increased by about 1000 units since our last report. As of August 31, there are 18,491 active listings which have been on the market an average of 83 days. Let's dive into our Phoenix metro real estate report for August 2024. The average days on market for active listings has increased markedly since last month's number of 65. There are 6612 pending sales--down from 7281 at the end of July. There are currently 641 "coming soon" listings. Since August 1, 2024, there have been 5641 closed sales--down slightly from 5988 in July. Here are some stats
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