Phoenix Metro Real Estate Statistics

STATISTICS BY CITY:
Anthem – Apache Junction – Avondale – Buckeye – Carefree – Casa Grande – Cave Creek – Chandler – El Mirage – Fountain Hills – Gilbert – Glendale – Gold Canyon – Goodyear – Laveen – Litchfield Park – Maricopa – Mesa – New River – Paradise Valley – Peoria – Phoenix – Queen Creek – Rio Verde – San Tan Valley – Scottsdale – Sun City – Sun City West – Sun Lakes – Surprise – Tempe – Tolleson – Wickenburg
Note: The charts below represent statistics for the entire Phoenix metro area. Select a link above for stats on a specific city.

Home Prices:

(12 Month History)

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Absorption Rate:

(12 Month History)
This rate represents the number of months it would take to deplete the current inventory with NO NEW LISTINGS. The absorption rate in a balanced market is typically between 5 – 7 months. A higher number reflects more of a buyer’s market and a lower number a seller’s market.

[market_stats title=”” width=”620″ height=”250″ type=”absorption” property_type=”A”]

Home Inventory:

(12 Month History)

[market_stats title=”” width=”620″ height=”250″ type=”inventory” display=”ActiveListings,NewListings,SoldListings” property_type=”A”]

Average Days on Market:

(12 Month History)
This number represents the average number of days between the original listing date
and the “under contract” date among the homes sold in a given month.

[market_stats title=”” width=”620″ height=”250″ type=”dom” display=”AverageCdom” property_type=”A”]

Volume:

(12 Month History)

[market_stats title=”” width=”620″ height=”250″ type=”volume” display=”ActiveListVolume,NewListVolume,SoldListVolume” property_type=”A”]

Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)

[market_stats title=”” width=”620″ height=”250″ type=”price” display=”SoldAverageListPrice,SoldAverageSoldPrice” property_type=”A”]

Sale to List Price Ratio:

(12 Month History)
This ratio represents the average percentage of the list price that sellers accepted in a given month.

[market_stats title=”” width=”620″ height=”250″ type=”ratio” display=”SaleToListPriceRatio” property_type=”A”]