MARKET UPDATES 

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...

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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....

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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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