First Integrity Title Market Report

Phoenix, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Phoenix, AZ

Thu Feb 25 2021
This week the median list price for Phoenix, AZ is $279,949 with the market action index hovering around 66. This is an increase over last month's market action index of 59. Inventory has held steady at or around 292. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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

Thu Feb 25 2021
This week the median list price for Phoenix, AZ is $279,949 with the market action index hovering around 66. This is an increase over last month's market action index of 59. Inventory has held steady at or around 292. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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 $279,949
Per Square Foot $247
Days on Market 21
Price Decreased 24%
Price Increased 8%
Relisted 4%
Inventory 292
Median Rent $1,345
Most Expensive $4,292,500
Least Expensive $72,000
Market Action 66
Strong Seller's Market

The market is 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
$905,000 2,405 0 - 4,500 sqft 3 3 31 10 12 42
$379,900 1,451 0 - 4,500 sqft 2 2 14 21 21 14
$225,000 960 0 - 4,500 sqft 2 2 37 29 29 0
$148,900 864 0 - 4,500 sqft 2 1 46 25 26 21