Phoenix Real Estate Market Update – January 2020

Resale home inventory in Greater Phoenix has been shrinking for many months now. Activelistings stand at 12,141, down 30% year over year. January’s median sales price stands at$289,500, up 11.1% year over year. Given our falling inventory, home prices are expected...

Phoenix Real Estate Market Update – December 2019

In December the greater Phoenix real estate market remains “available inventory challenged,” and active listings for the month are down 25.3% year over year, at 13,869. The low level of available units is driving higher prices, and in the case of lower-priced homes,...

Phoenix Real Estate Market Update – November 2019

For November, the Greater Phoenix residential real estate inventory continues its downward trend, with current active listings standing at 14,525, down 19.1% year over year. Correspondingly, the median sales price continues to rise, up 8.8% year over year, and is at...

Phoenix Real Estate Market Update – October 2019

For October, the Greater Phoenix residential real estate median sales price continues to rise. However, a closer examination shows that this rise is largely attributable to the continuing shift in available inventory from lower priced to luxury homes. While available...

Phoenix Real Estate Market Update – September 2019

The inventory shortage swings into September, and active listings are down about 16% year over year. As the very low inventory in greater Phoenix continues, prices are up accordingly, rising 6.9% year over year to a median price of $280,000. Low interest rates are...

Phoenix Real Estate Market Update – August 2019

We have talked about our low inventory of homes driving a very active market, withprice-segment-specific hyper-activity. In July, the number of active listings was down8.5% from June and 4.1% year over year. The number of active listings this month is down an...
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