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Sept 2017 Real Estate Market Update Maricopa County

September 8th, 2017

Home > Arizona Real Estate News > Sept 2017 Real Estate Market Update Maricopa County
April 2019 Phoenix metro real estate update

Here’s our Sept 2017 real estate market update for Maricopa County.  Inventory levels often determine market conditions and the available inventory remains steady (though low) at around 17,700 units.  Sales activity picked up slightly in August from July figures–with a three percent increase in closed transactions (for all housing types). Currently there are 10,400 pending sales which is similar to contract activity 30 days ago.  The average days on market for sold homes has gone up slightly to 67–while the average dollars per square foot obtained at sale remains $146.

This graph shows Closed Sales for the past three months:

ARMLS Closed Sales Sept 2017

This graph shows the Median Sold Price for the past three months:

ARMLS Med Sale Price Sept 2017

Demand is still moderate to strong for homes priced under $500K.  While sales have improved in the upper price ranges over the past few months, there is still excess supply in many zip codes across the county.

Click here to download our August 2017 Local Market Insight Report Maricopa County

We believe that market activity will remain steady through the end of October and will begin to pick-up steam early November to the end of the year. If you have a question about a community or particular property, please contact one of our outstanding real estate professionals.  If you have questions about home loan rates, visit our lender page or check out bankrate.com for general information about rates.

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

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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