First Integrity Title Market Report
Florence, AZ
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Florence, AZ
Fri Apr 23 2021
This week the median list price for Florence, AZ is $379,945 with the market action index hovering around 83. This is less than last month's market action index of 85. Inventory has held steady at or around 42.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $379,945 | |
| Per Square Foot | $187 | |
| Days on Market | 18 | |
| Price Decreased | 14% | |
| Price Increased | 14% | |
| Relisted | 2% | |
| Inventory | 42 | |
| Median Rent | $1,795 | |
| Most Expensive | $1,041,250 | |
| Least Expensive | $231,900 | |
| Market Action | 83 | |
| Strong Seller's Market | ||
Prices hit another all time high this week. Given current conditions, prices continue to march higher. 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 |
|---|---|---|---|---|---|---|---|---|
| $557,500 | 2,516 | 1 - 2.5 acres | 2 | 2 | 15 | 2 | 0 | 35 |
| $399,945 | 2,287 | 8,000 - 10,000 sqft | 4 | 2 | 2 | 3 | 1 | 31 |
| $339,900 | 2,000 | 4,500 - 6,500 sqft | 3 | 2 | 0 | 5 | 3 | 21 |
| $289,000 | 1,551 | 0 - 4,500 sqft | 3 | 2 | 0 | 6 | 3 | 0 |