Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Thu Jan 23 2020
This week the median list price for Phoenix, AZ is $414,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 1841. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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

Thu Jan 23 2020
This week the median list price for Phoenix, AZ is $414,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 1841. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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 $414,500
Per Square Foot $194
Days on Market 93
Price Decreased 44%
Price Increased 7%
Relisted 6%
Inventory 1,841
Median Rent $1,625
Most Expensive $9,999,999
Least Expensive $80,000
Market Action 47
Strong Seller's Market

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$922,500 3,571 0.25 - 0.5 acre 4 3 23 50 35 146
$495,000 2,415 8,000 - 10,000 sqft 4 2 24 72 66 91
$334,950 1,802 0 - 4,500 sqft 3 2 40 103 111 67
$223,900 1,383 0 - 4,500 sqft 3 2 55 102 103 64