Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Thu Sep 20 2018
This week the median list price for Phoenix, AZ is $339,999 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 3587. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Thu Sep 20 2018
This week the median list price for Phoenix, AZ is $339,999 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 3587. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $339,999
Per Square Foot $176
Days on Market 80
Price Decreased 52%
Price Increased 4%
Relisted 7%
Inventory 3587
Median House Rent $1,450
Most Expensive $12,950,000
Least Expensive $50,000
Market Action Index
Slight Seller's Advantage
43

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
$699,250 3,206 0.25 - 0.5 acre 4 3 21 63 67 128
$399,900 2,179 8,000 - 10,000 sqft 4 2 28 96 79 82
$286,000 1,728 0 - 4,500 sqft 3 2 34 116 108 61
$205,000 1,425 0 - 4,500 sqft 3 2 48 165 175 48