CLIENT LOG-IN
800.519.5893 Ext. 1
  • Search
    • Arizona Home Search Registration
    • Search AZ Homes
    • Arizona Cities & Towns
    • Featured Luxe Listings
    • Paradise Valley Luxury Rentals
    • Scottsdale Luxury Rentals
    • Phoenix Metro New Home Search
    • Multi-Family Properties
  • Resources
    • Buyers
      • Home Buyer Insight
      • Luxe Buyer Advocacy
      • Relocating to Scottsdale
      • Relocating to Arizona
      • Get a Home Loan
      • Home Purchase Resources
      • Arizona Luxury Home Financing
      • Ways to Take Title in Arizona
      • San Diego Real Estate Broker
    • Sellers
      • Home Seller Insight
      • Arizona Home Valuation
      • Arizona Expired Real Estate Listing Audit
    • Arizona Contractors & Real Estate Vendors
    • Arizona Luxury Home Resources
    • FSBO Rescue Guide
    • Real Estate Agent Resources
      • Luxe Agent Referral Program
  • Luxe Agents
    • Phoenix Metro & Surrounding Cities
    • Prescott, AZ
    • Tucson, AZ
    • Flagstaff, AZ
    • Top Luxe Agent
    • Top Luxe Team
  • Blog
  • CAREERS
  • Contact Us
    • About

July 2019 Phoenix Real Estate Market Report

July 27th, 2019

Home > Arizona Real Estate News > July 2019 Phoenix Real Estate Market Report
2019 July Phoenix Real Estate Market Update

The big news in our market is greatly reduced housing inventory–do not miss our July 2019 Phoenix real estate market report. Let’s do this.

Back in May we had approximately 16,785 active listings and as of July 27, we have 14,400–this represents a 14% reduction in available homes.  Not all price ranges have been affected–for example, there is still excess housing in the $1M plus range.  The days on market for active listings across Maricopa County is 105 and the average days on market for sold properties in the past month is 63–very similar to numbers we saw in May.

The Months Supply of Inventory Maricopa County June 2019

At all price points, there are few nicely renovated homes for sale–the ones that do get listed are selling very quickly.  New list prices are up approximately 5.7% year-over-year and the average sales price is up 5.1% year-over-year.

New List Prices Phoenix Metro June 2019

Sales Prices Maricopa County June 2019

(Above graphs provided by ARMLS and FBS)

Distressed inventory is still very low and represents just 2% of total available homes for sale. With 30-yr fixed mortgage rates below 4%, demand is still strong. For home sellers in the Phoenix metro area, it’s a great time to list your property.  For buyers, you may end up paying close to list or more depending upon your price range; but for folks in the upper price ranges, there are still some good buys out there. If you have any questions about Arizona real estate, please contact us any time–we’d be honored to serve you. We hope that you’ve enjoyed our July 2019 Phoenix real estate market report.

 

Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

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.

You Might Also Like

Phoenix metro real estate update Feb 2023

Phoenix Metro Real Estate Update | Feb 2023

February 28th, 2023
For the first time in many months, total active inventory has fallen below 15,000 units. As of February 28, there are 14,800 active listings across the...
Read more
Phoenix metro real estate report Jan 2023

Phoenix Metro Real Estate Report | Jan 2023

January 31st, 2023
Despite reports of gloom and doom, the Phoenix market is still doing okay. Here is our Phoenix metro real estate report for January 2023. As of...
Read more

Sign-up to receive free market updates from luxerealestategroup.com

We will never send you spam
Privacy Policy

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter
· Luxe Real Estate Group, LLC. All Rights Reserved. ·
Luxe Real Estate Group ADRE License# LC586004000
Jay Martinez ADRE License# BR107652000
Privacy Policy | Cookie Policy | Terms of Use | Site Map

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Cookie Policy

Learn more about our Cookie Policy.