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 | April 2024
Available housing inventory across the county has increased by five percent over the past 60 days. Last report there were approximately 16,300 available properties and today that number is 17,225. Let's dig into our Phoenix metro real estate report for April 2024. As of April 30, there are 9361 pending sales and there are 801 coming soon listings. Since March 1, 2024, there have been 13170 closed sales. The closed sales were on the market an average of 66 days. Here are some other key MLS stats for recently closed sales: This graph shows how the average list price of homes under
