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Phoenix Metro Market Update | November 2022

November 30th, 2022

Home > Phoenix Real Estate Market > Phoenix Metro Market Update | November 2022
Phoenix metro market update November 2022

From last month, housing inventory has dropped a bit. Let’s dive into our Phoenix Metro Market Update for November 2022. As of 11/1/2022, there are 19,284 active listings across Maricopa County. The active listings have been on market an average of 82 days. There are 6693 properties under contract and another 409 “coming soon” listings.

This graph shows the change in listings under contract over the past two years:

Data provided by ARMLS

Since November 1, 2022, there have been 4447 sales. Here are some MLS stats for the recent sales:

  • Average days on market: 60
  • Average dollars per square foot obtained at sale: $365
  • Average list to sale price ratio: 0.97

This graph shows how the average sold price has changed around the county over the past two years. Today we are at about the same level as 12/2021:

Data provided by ARMLS

Though interest rates have fallen some, we have not seen a large uptick in sales–only a small blip. Between now and mid-January, we expect active listings to fall and sales activity to slow. Thank you for reviewing our Phoenix metro market update for November 2022.

Filed Under: Phoenix Real Estate Market Tagged With: Arizona real estate, Arizona Real Estate News, Arizona Real Estate Stats, Phoenix homes for sale, 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.

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