Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Tue Feb 20 2018
This week the median list price for Phoenix, AZ is $345,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 2976. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ

Tue Feb 20 2018
This week the median list price for Phoenix, AZ is $345,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 2976. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $345,000
Per Square Foot $172
Days on Market 87
Price Decreased 42%
Price Increased 6%
Relisted 7%
Inventory 2976
Median House Rent $1,350
Most Expensive $16,850,000
Least Expensive $39,900
Market Action Index
Slight Seller's Advantage
43

The market appears to be 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
$825,000 3,538 0.25 - 0.5 acre 4 3 22 67 57 129
$425,000 2,313 8,000 - 10,000 sqft 4 2 25 115 109 84
$280,000 1,742 0 - 4,500 sqft 3 2 31 134 159 70
$187,900 1,394 0 - 4,500 sqft 3 2 49 160 189 63