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Maricopa County October Real Estate Update

October 31st, 2016

Home > Phoenix Real Estate Market > Maricopa County October Real Estate Update
2016 1st QTR Maricopa County Real Estate Update

With October in the books, here is our Maricopa County October real estate update.  While the market has been flat for over 18 months, we have seen a recent uptick in activity the past 30-45 days.  Here are some highlights from the Arizona Regional Multiple Listing Service:

21302 active units–this includes all home types

10495 pending units

7468 sales in past 30 days

$286,440 median home price

75 average days on market for recently sold homes

This graph shows market activity year-to-date for the entire county:

This graph shows the average sold to list price ratio year-to-date:

Despite very low home loan rates, demand has only recently picked up and with the holidays and election approaching, demand may fall off again until 2017.  Inventory has remained steady for nearly two years with only small fluctuations month-to-month.  Our expectation is that demand will remain steady until mid-December. If you have a question about the market, a community or particular property, please contact one of our outstanding agents.

View All Active Real Estate Listings 

 

 

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

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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