Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Tue Jul 17 2018
This week the median list price for Phoenix, AZ is $350,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has held steady at or around 3186. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ

Tue Jul 17 2018
This week the median list price for Phoenix, AZ is $350,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has held steady at or around 3186. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $350,000
Per Square Foot $177
Days on Market 78
Price Decreased 50%
Price Increased 5%
Relisted 6%
Inventory 3186
Median House Rent $1,500
Most Expensive $8,750,000
Least Expensive $50,000
Market Action Index
Strong Seller's Market
46

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
$734,950 3,345 0.25 - 0.5 acre 4 3 22 34 57 124
$424,900 2,252 8,000 - 10,000 sqft 4 2 27 90 94 79
$296,500 1,724 0 - 4,500 sqft 3 2 33 128 108 58
$209,000 1,430 0 - 4,500 sqft 3 2 47 167 142 50