The Phoenix market, generally speaking, is in balance--some areas are doing worse/better than others, but at this moment, neither buyer nor seller seems to have the upper hand. Available housing inventory has been relatively stable the past 30 days as there are currently 25,725 active listings--nearly identical to what we had last month. The active listings have been on the market for an average of 96 days--unchanged from last month. There are currently 7415 pending sales. Indeed, there has been an increase in contract activity, month-over-month. The chart below shows how the pending sales
Phoenix Metro Real Estate Report | Oct 2025
At the end of July, inventory around the county had been dropping. Over the past two months, housing inventory has been relatively stable with just a small increase month-over-month. There are 25,279 active listings across the Phoenix metro area and those listings have been on the market for an average of 96--this is similar to other cities like Scottsdale. Let's take a close look at what's going on across the valley. The chart below shows how the total active listings have changed over the past two years--as you can see, the past two months have shown a slight increase in available
Phoenix Metro Real Estate Report | Aug 2025
Housing inventory has been falling slowly for the past two months. According to Realtor.com, Phoenix is just behind Miami as the city with the second most delistings month-over-month. Delistings occur when a seller removes an active listing from the market--there can be many reasons, but in our area, it is most likely due to unrealistic pricing expectations. There are currently 23,820 active listings--this represents a 6.5% drop over the past 60 days. The active listings around the county have been on the market for an average of 99 days. This chart shows the drop in new-to-market
Phoenix Metro Real Estate Update | May 2025
Everywhere you look, there is news about the Phoenix market crashing. So, what's really going on? Is there truth to the click bait headlines? Let's jump into our Phoenix metro real estate update for May 2025 to find out. As always, the big numbers we are watching are available inventory, home loan rates and the contract ratio--that is the new listing to pending sale ratio. Our inventory was climbing month-over-month but it has been pretty steady for the past 30-45 days. Currently there are approximately 25,591 active listings across the Phoenix metro area(this does not include homes that are
Phoenix Metro Market Report | Feb 2025
There are a few key indicators to the health and direction of a real estate market--those are interest rates, available inventory and the contract ratio. The contract ratio for the Phoenix metro area is currently 34% which means that 34% of the available homes are under contract. Housing inventory has been going up for quite some time with only a few periods of decline. As of mid-March, there are currently 24,853 available properties for sale--compare this to January's figure of 22,258. The active inventory has been on the market for an average of 85 days. The charts below highlight the
Phoenix Metro Market Update | Jan 2025
Since our last update in early November, housing inventory across the county has risen. This Phoenix metro market update for January 2025 will cover current conditions and sales since November 1, 2024. As of January 25, 2025, there are 22,258 active listings in Maricopa County which have been on the market an average of 91 days. Despite this being the prime selling season, days on market has increased--the primary reason being a rise in already high interest rates. There are 6738 pending sales and 741 "coming soon" listings. Contract activity has been relatively good--there was a sharp
Phoenix Metro Real Estate Update | Sept 2024
Last month there were 18491 active listings across Maricopa County--as of Sept 30, 2024, there are 19750 available properties. Inventory has risen in most cities and towns including Scottsdale and Paradise Valley. Let's dive into our Phoenix metro real estate update for Sept 2024. The active listings have been on the market for an average of 83 days--no change over the past 30 days. There are 7069 pending sales--up from 6612 last month. There are 784 "coming soon" listings and since Sept 1, 2024, there have been 4921 sales--down from 5641 in August. The graph below shows how the number of
Phoenix Metro Real Estate Report | Aug 2024
Housing inventory across Maricopa County has increased by about 1000 units since our last report. As of August 31, there are 18,491 active listings which have been on the market an average of 83 days. Let's dive into our Phoenix metro real estate report for August 2024. The average days on market for active listings has increased markedly since last month's number of 65. There are 6612 pending sales--down from 7281 at the end of July. There are currently 641 "coming soon" listings. Since August 1, 2024, there have been 5641 closed sales--down slightly from 5988 in July. Here are some stats
Phoenix Real Estate Update | July 2024
Since our last report a few months ago, housing inventory has remained fairly steady. Active listings as of July 31, 2024 total 17563 and those listings have been on the market an average of 85 days. Pending sales activity has dropped slightly--there are currently 7281 pending sales across the Phoenix metro area compared to 8343 at the end of May. There are 550 "coming soon" properties compared to 600 a few months--inventory may drop a little farther, but not by much. Since June 1, 2024, there have been 11977 sales (5988 per month) which means total sales have dropped by 15%. Here are
Phoenix Metro Market Update | May 2024
Housing inventory has increased slightly over the past month. As of May 31, 2024 there are 18080 active listings in Maricopa County. Let's dive into our Phoenix metro market update for May 2024. The active listings have been on the market an average of 80 days. We are seeing the days on market climb across most cities and towns. We are also seeing more seller concessions and price reductions. There are currently 8343 pending sales and 600 "coming soon" listings. The contract ratio, which is the number of under contract properties divided by the active listings is around 45%--this
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