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
September 2018 Phoenix & Scottsdale Real Estate Market
The market has been steady despite rising interest rates and a rise in inventory. Let's take a look at our September 2018 Phoenix and Scottsdale Real Estate Market Update. Currently there are 16,596 properties actively listed for sale--this is about 800 more than the inventory available in August. The average days on market for the active listings is 103 and there are currently 10,155 properties under contract. There have been 7548 sales across Maricopa County in the past 30 days and of those sales, the average dollar per square foot was $162. The average days on market for sales that
Maricopa County October Real Estate Update
With October in the books, here is our Maricopa County October real estate update. While the market has been flat for over 18 months, we have seen a recent uptick in activity the past 30-45 days. Here are some highlights from the Arizona Regional Multiple Listing Service: 21302 active units--this includes all home types 10495 pending units 7468 sales in past 30 days $286,440 median home price 75 average days on market for recently sold homes This graph shows market activity year-to-date for the entire county: This graph shows the average sold to list price ratio
