With nearly one month behind us, it's time for our January 2020 Phoenix real estate update. Let's do this. As of January 30, 2020, there are 11,848 active listings across the greater metro Phoenix area--this number is approximately 2000 less than in December and it's by far the lowest number we've since 2005. It's getting scary around here. The active listings have been on market an average of 106 days--up just two days since December. There are 10,611 properties under contract and since December 30, 2019, there have been 6265 sales. Here's a market summary for the
September 2019 Phoenix Real Estate Update
Let's jump right in to our September 2019 Phoenix real estate update. First we'll look at inventory numbers. Last months' report showed active listings at around 13, 250. As of September 30, we have 14,059 actively listed properties across Maricopa County. In terms of distressed properties, there are 141--this is just 1% of total available inventory. The average days on market for all active listings is 101. While inventory is up 800 units from 30 days ago, we are still experiencing a shortage at some price points. There are just over 10,000 pending units (under contract)--this
August 2019 Phoenix Real Estate Market Report
To learn more about Maricopa County housing trends, read our August 2019 Phoenix real estate market report. Just when we thought inventory couldn't fall anymore, it dropped again and we now face a real housing shortage (at some price points). As of August 28, there are just 13,249 actively listed properties on the market--this includes all housing types. The average days on market (ADOM) for active listings in 105, but if we look at properties priced under $300K, this number drops significantly--see the graph below for more detail. As you can see, for homes priced under $300K, there is less
April 2019 Phoenix Metro Real Estate Update
This year is flying by and since we missed last month (apologies for that), here is our April 2019 Phoenix Metro real estate update--this market report will cover all of Maricopa County for the past 30 days or so. Let's jump in and view the numbers. There are currently 18450 homes available for sale--this number has fluctuated up and down by 500-700 for many months. At the beginning of 2019, it looked as if the inventory could reach 20,000 units, but activity began to pick up and the numbers quickly fell. Of the active listings on market, the average days on market (DOM) is 99--this
December 2018 Phoenix Metro Real Estate Update
This year has flown by and now it's time for our December 2018 Phoenix metro real estate update. Let's jump right in. There are currently 18046 properties actively listed across Maricopa County--this number is down slightly from the past month where the inventory reached a peak of around 18,500. There are 6612 properties under contract and in the past 30 days there have been 6696 sales. December can be hit or miss in terms of sales activity--we've seen a lot of activity this time of year and we have also seen very little activity. Sales activity always declines right around the holidays,
Oct 2018 Phoenix & Scottsdale Real Estate Market Update
The end of the month is drawing near so it's time for our Oct 2018 Phoenix & Scottsdale real estate market update. Let's jump in. Phoenix Our inventory took a big jump in the past 30 days--nearly 9%. Active properties across the Phoenix metro area number 18076. There are 8630 pending sales and in the past 30 days, there have been 6667 sales. The average days on market (DOM) for the active listings is 99 and the DOM for recent sales is 60 days--these are very close to the figures in September 2018. The average sale price over the past 30 days was $328,156--average square footage was
July 2018 Phoenix/Scottsdale Real Estate Market Update
This month we are going to add in some pertinent info about the Scottsdale market. Let's dive into our July 2018 Phoenix/Scottsdale real estate market update. First, we'll look at overall numbers for the Phoenix metro area. Currently there are 15804 active listings across the county--similar number to last month and a low figure overall. The average days on market (DOM) for the active inventory is 104. There are 10165 pending listings and since July 1, 2018, there have been 7815 sales--the average DOM for the sales was just 59 (an improvement from the previous month) and the average sale
2018 May/June Real Estate Update For Phoenix Metro Area
Arizona real estate is still selling like hot cakes--here's our 2018 May/June real estate update for the Phoenix Metro area. For the first time in several years, inventory levels dipped below 16,000 units (for all housing types). Currently, the are 15,975 properties for sale across the county and while inventory is very low at some price points and in some areas, other price points are burdened by excess inventory. Distressed inventory remains at just 2%--so, for investors this means fewer deals can be had at below market pricing. In Scottsdale for example, there are just 35 distressed
2018 Phoenix Real Estate Market Outlook
With a few months under our belt, here is our 2018 Phoenix real estate market outlook. First, what's been going on so far. As of today, there are 17,578 properties actively listed for sale, 12,279 under contract and 10,849 sold since January first--what does this mean? It means we are off to a good start in terms of activity as compared to last year. In 2017, there were 7,986 sales per month on average. When the final sales figures hit for February, we'll have far eclipsed that average figure--keep in mind that our market goes through cycles throughout the year and that activity typically
Nov 2017 Real Estate Market Update Maricopa County
We've reached the end of November so now it's time for our Nov 2017 real estate market update for Maricopa County. Let's jump right into the numbers: As of November 30, 2017, there are 18,531 active listings across the county--this is a fairly small number for the Phoenix metro area, but not so small that demand is driving prices sky high. 13,000 units are priced under $499,000--approx $3000 are priced from $500K to $1M and a few thousand homes are priced from $1M+--the market above $400K (in most parts of the county) has stalled with the average days on market (DOM) for active listings
