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
July 2019 Phoenix Real Estate Market Report
The big news in our market is greatly reduced housing inventory--do not miss our July 2019 Phoenix real estate market report. Let's do this. Back in May we had approximately 16,785 active listings and as of July 27, we have 14,400--this represents a 14% reduction in available homes. Not all price ranges have been affected--for example, there is still excess housing in the $1M plus range. The days on market for active listings across Maricopa County is 105 and the average days on market for sold properties in the past month is 63--very similar to numbers we saw in May. At all price
May 2019 Phoenix Real Estate Market Update
With June around the corner, it's time for our May 2019 Phoenix real estate market update. Let's see what's happening. As of May 30, 2019, there are 16,785 active properties for sale across Maricopa County--inventory has fallen by ten percent in the last 30 days. The average days on market for the active listings is 102--up from 99 last month. Check out how the active listings have changed year over year: There are currently 13,259 properties under contract and over the past 30 days there have been 9957 sales. The average days on market for recently sold properties was 65--down
Feb 2019 Phoenix Metro Real Estate Update
We're back--it's been a few months since our last report and now it's time for our Feb 2019 Phoenix metro real estate update. The big news right now is rising inventory. Since December of 2018 inventory levels have been on an upward track. Today, we are now sitting at approximately 19,300 active listings across the Phoenix metro area. Buyer demand has waned a bit over the past 60 days--essentially this means the market has softened a bit. Let's look at some of the key numbers. For active listings, the average days on market is 102--this number is up from December. Currently there are
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
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