Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Wed Mar 20 2019
This week the median list price for Phoenix, AZ is $349,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 3941. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Phoenix, AZ

Wed Mar 20 2019
This week the median list price for Phoenix, AZ is $349,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 3941. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $349,000
Per Square Foot $180
Days on Market 85
Price Decreased 50%
Price Increased 4%
Relisted 7%
Inventory 3941
Median House Rent $1,397
Most Expensive $9,999,999
Least Expensive $65,000
Market Action Index
Slight Seller's Advantage
36

The market is hovering around this plateau. Look for a persistent change 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
$750,000 3,275 0.25 - 0.5 acre 4 3 23 78 60 124
$425,000 2,215 8,000 - 10,000 sqft 4 2 26 124 106 84
$294,900 1,728 0 - 4,500 sqft 3 2 37 128 94 75
$210,000 1,433 0 - 4,500 sqft 3 2 48 160 168 58