Thu Jan 23 2020
This week the median list price for Phoenix, AZ is $414,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 1841.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$414,500|
|Per Square Foot||$194|
|Days on Market||93|
|Strong Seller's Market|
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$922,500||3,571||0.25 - 0.5 acre||4||3||23||50||35||146|
|$495,000||2,415||8,000 - 10,000 sqft||4||2||24||72||66||91|
|$334,950||1,802||0 - 4,500 sqft||3||2||40||103||111||67|
|$223,900||1,383||0 - 4,500 sqft||3||2||55||102||103||64|