Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85009 is $232,450 with the market action index hovering around 66. This is less than last month's market action index of 72. Inventory has held steady at or around 24.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$232,450|
|Per Square Foot||$166|
|Days on Market||46|
|Strong Seller's Market|
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$339,394||2,619||8,000 - 10,000 sqft||4||2||65||0||0||65|
|$276,500||1,295||0 - 4,500 sqft||3||2||69||2||0||18|
|$214,999||1,283||0 - 4,500 sqft||2||2||71||1||2||53|
|$170,000||1,111||0 - 4,500 sqft||3||1||73||3||1||46|