Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

Where Quality Finds a Home |cleartitleaz.com | 480.278.8484



Phoenix, AZ

Sun Jun 24 2018
This week the median list price for Phoenix, AZ is $364,999 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 3090. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ

Sun Jun 24 2018
This week the median list price for Phoenix, AZ is $364,999 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 3090. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $364,999
Per Square Foot $178
Days on Market 77
Price Decreased 48%
Price Increased 6%
Relisted 6%
Inventory 3090
Median House Rent $1,495
Most Expensive $8,750,000
Least Expensive $50,000
Market Action Index
Strong Seller's Market
48

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$774,950 3,433 0.25 - 0.5 acre 4 3 21 51 48 126
$439,900 2,372 8,000 - 10,000 sqft 4 2 26 92 90 81
$308,000 1,788 0 - 4,500 sqft 3 2 33 156 156 56
$204,999 1,404 0 - 4,500 sqft 3 2 47 219 167 43