Old Republic Title Market Report

Phoenix, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Phoenix, AZ

Sun Apr 05 2020
This week the median list price for Phoenix, AZ is $429,990 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 1878. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Phoenix, AZ

Sun Apr 05 2020
This week the median list price for Phoenix, AZ is $429,990 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 1878. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $429,990
Per Square Foot $206
Days on Market 69
Price Decreased 35%
Price Increased 6%
Relisted 4%
Inventory 1,878
Median Rent $1,750
Most Expensive $9,999,999
Least Expensive $80,000
Market Action 57
Strong Seller's Market

While this week the median didn’t fluctuate much, prices continue to sit at all time highs. 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
$950,000 3,597 0.25 - 0.5 acre 4 3 21 54 32 113
$522,900 2,472 8,000 - 10,000 sqft 4 2 26 94 50 76
$349,900 1,773 0 - 4,500 sqft 3 2 36 141 72 43
$235,000 1,400 0 - 4,500 sqft 3 2 50 184 115 40