Phoenix Metro Real Estate Statistics

STATISTICS BY CITY:
AnthemApache JunctionAvondaleBuckeyeCarefreeCasa GrandeCave CreekChandlerEl MirageFountain HillsGilbertGlendaleGold CanyonGoodyearLaveenLitchfield ParkMaricopaMesaNew RiverParadise ValleyPeoriaPhoenixQueen CreekRio VerdeSan Tan ValleyScottsdaleSun CitySun City WestSun LakesSurpriseTempeTollesonWickenburg
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”]