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...

Phoenix Real Estate Market Update – April 2020

COVID-19 has turned most markets in the country upside down, and this definitely includes real estate. REALTORS® are adapting quickly to continue to serve clients while taking necessary health and safety precautions. To be sure, the sales and inventory numbers in the...

Phoenix Real Estate Market Update – March 2020

Another interesting month in Greater Phoenix real estate. Just when we thought we might have seen all the surprises we could, the oil price war between OPEC and Russia took a back seat to the Coronavirus pandemic. In March 2020, the median home price continues to...

Phoenix Real Estate Market Update – Februrary 2020

February finds that the Greater Phoenix “for sale” inventory remains at historical lows.In fact, “for sale” homes have not been this low since 2001. As of February 1, GreaterPhoenix inventory stands at 11,974, down 35.1% year over year. Our monthly mediansales price...
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