Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Thu Apr 26 2018
This week the median list price for Phoenix, AZ is $369,900 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 3054. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Phoenix, AZ

Thu Apr 26 2018
This week the median list price for Phoenix, AZ is $369,900 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 3054. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $369,900
Per Square Foot $179
Days on Market 81
Price Decreased 44%
Price Increased 5%
Relisted 6%
Inventory 3054
Median House Rent $1,450
Most Expensive $13,950,000
Least Expensive $50,000
Market Action Index
Strong Seller's Market
48

While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$840,000 3,564 0.25 - 0.5 acre 4 3 23 62 50 126
$449,000 2,400 8,000 - 10,000 sqft 4 2 26 115 115 83
$299,900 1,773 0 - 4,500 sqft 3 2 32 167 161 55
$199,900 1,429 0 - 4,500 sqft 3 2 46 214 174 59