Here are some of the latest numbers for the Phoenix real estate market. For definitions please check out our Statistic Definitions & Explanations page.
Here is what stood out to me:
- The total number of active listings is up for the month and the quarter, but WAY less then this time last year
- At the same time the number of sales in Phoenix has dropped as well
- Active listing prices per square foot is $135.82
- Monthly Sales price per square foot is ~$80 and Annually it is at ~$75
- The median sales price is just about $100k. So unless you are priced in this area, be prepared to drop the price.
*This could be for two reasons: The active listings are the more expensive luxury homes and they are just not selling, or the sellers (or their agents) are completely oblivious to the market.
If you are falling behind on your mortgage payments and need information about a what your options are, please don’t hesitate to give me a call. (480) 389-5199
Keller Williams Arizona Realty