Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Sun Jul 21 2019
This week the median list price for Phoenix, AZ is $377,500 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 3183. 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

Slight Seller's Advantage

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 Jul 21 2019
This week the median list price for Phoenix, AZ is $377,500 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 3183. 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

Slight Seller's Advantage

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 $377,500
Per Square Foot $186
Days on Market 84
Price Decreased 48%
Price Increased 5%
Relisted 6%
Inventory 3183
Median House Rent $1,495
Most Expensive $9,999,999
Least Expensive $80,000
Market Action Index
Slight Seller's Advantage
42

The market seems to have paused around this plateau. 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
$799,000 3,287 0.25 - 0.5 acre 4 3 23 48 37 130
$455,450 2,371 8,000 - 10,000 sqft 4 2 26 67 79 81
$319,900 1,782 4,500 - 6,500 sqft 3 2 35 85 96 71
$224,949 1,437 0 - 4,500 sqft 3 2 46 136 149 52