Phoenix Real Estate Market Update – October 2020

  In October, the Greater Phoenix Real Estate Market remains frenetic. This is unusual for this time of year, but it is something we have gotten used to in 2020. The area’s median sales price stands at $327,000, up 17% year over year. Perhaps more telling, prices...

Phoenix Real Estate Market Update – September 2020

  September’s Greater Phoenix Real Estate Market active listings stand at 8,028, down 41% year over year, and the median sales price is now $325,000, up 16.1% year over year. This means Phoenix area sellers are still in the driver’s seat as buyers scramble to...

Phoenix Real Estate Market Update – August 2020

  August’s Greater Phoenix Real Estate Market active listings stand at 8,477, down 38.3% yearover year, and the median sales price is now $315,000, up 12.5% year over year. This meanssellers are in the driver’s seat, and buyers are chasing historically low...

Phoenix Real Estate Market Update – July 2020

Inventory, inventory, inventory! Where is our inventory?! Active listings in July’s Greater Phoenix real estate market stand at 8,788, down 43% year over year, and the median sales price is now $305,000, up 9.3% year over year. Historically low inventory has been the...

Phoenix Real Estate Market Update – June 2020

June Real Estate in greater Phoenix brings very low inventory, healthy prices, and a resurgence in the sale of homes between $500,000 and $1 million. Active listings are 11,917, down 29.4% year over year, and the median sales price is $293,000, up 5.4% year over year....

Phoenix Real Estate Market Update – May 2020

One month further into COVID-19 and the Phoenix real estate market is doing well. Active listings are 13,455, down 22.2% year over year, and the median sales price is $295,000, up 8.2% year over year. As to how these prices compare to mid-February prices, before the...
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