Old Republic Title Market Report

Phoenix, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Phoenix, AZ

Tue May 26 2020
This week the median list price for Phoenix, AZ is $419,999 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 1,859. 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

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 May 26 2020
This week the median list price for Phoenix, AZ is $419,999 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 1,859. 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

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 $419,999
Per Square Foot $205
Days on Market 77
Price Decreased 41%
Price Increased 5%
Relisted 6%
Inventory 1,859
Median Rent $1,900
Most Expensive $9,999,999
Least Expensive $80,000
Market Action 54
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
$949,950 3,515 0.25 - 0.5 acre 4 3 21 46 43 117
$519,900 2,478 8,000 - 10,000 sqft 4 2 26 62 80 87
$355,000 1,800 0 - 4,500 sqft 3 2 34 93 119 52
$235,900 1,400 0 - 4,500 sqft 3 2 49 109 152 52