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

May 2019 Phoenix Real Estate Market Update

May 30th, 2019

Home > Arizona Real Estate News > May 2019 Phoenix Real Estate Market Update
December 2018 Phoenix metro real estate update

With June around the corner, it’s time for our May 2019 Phoenix real estate market update. Let’s see what’s happening.

As of May 30, 2019, there are 16,785 active properties for sale across Maricopa County–inventory has fallen by ten percent in the last 30 days.  The average days on market for the active listings is 102–up from 99 last month.  Check out how the active listings have changed year over year:

Active Listing Changes Maricopa County

There are currently 13,259 properties under contract and over the past 30 days there have been 9957 sales. The average days on market for recently sold properties was 65–down five days from last month.  The average sold price for the past 30 days was $349,186–the average list to sold price ratio was .98 and the average dollars per square foot obtained at sale was $182. Keep in mind that these figures will vary greatly by area and by property.

These graphs show the absorption rate based upon demand and the sold to list price ratio from May 2018 to April 2019:

Absorption Rate AZ real estate

With inventory falling and home loan rates very low, we expect demand to be stronger this summer than in past years.  If you have a question about a community, particular home or just a general real estate question, reach out any time–we’d be honored to help.  If you are a first-time home buyer, you might also like our Home Buyer Insight page.

(Above graphs provided by ARMLS and FBS).

 

Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona real estate, Arizona Real Estate News, 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 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
Phoenix metro market update December 2022

Phoenix Metro Market Update | Dec 2022

December 31st, 2022
Inventory is dropping around the county. Let’s jump into our Phoenix metro market update for December 2022. Last month we noted that there were approximately 19,284...
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.