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Phoenix Metro Real Estate Update | Dec 2021

December 30th, 2021

Home > Phoenix Real Estate Market > Phoenix Metro Real Estate Update | Dec 2021
Phoenix Metro Real Estate Update December 2021

The Phoenix housing market is white hot. Let’s dive into our Phoenix metro real estate update for December 2021. Keep in mind that the stats and info mentioned herein cover all cities/towns in the Phoenix metro area–not just the City of Phoenix.

A few months ago, we were sitting at approximately 7800 active listings–today that number has plummeted to 5885. We are in desperate need of more housing. There are 9932 properties under contract and there are 605 “coming soon” properties.

Over the past sixty days, there have been 17,445 closed sales. The average days on market for recently sold properties was 33 and the average list to sale price ratio was 1.00. For the recently closed sales, the average price per square foot was $302 and the average sold price across the county was an astounding $521,833!

This graph shows how the average list price for under contract homes has changed over the past two years:

Data provided ARMLS

Phoenix metro home sellers are still in the drivers seat and it doesn’t look like this market dynamic will change anytime soon. Buyers have the benefit of low interest rates and with some determination, can find their dream home–it may take many offers though before something finally sticks. Home buyers in this market must have thick skin. Thanks for reviewing our Phoenix metro real estate update for December 2021. If you have any questions about Arizona real estate, reach out any time.

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