Lawyers Title Market Report

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $350,000
Per Square Foot $182
Days on Market 83
Price Decreased 49%
Price Increased 5%
Relisted 6%
Inventory 3855
Median House Rent $1,595
Most Expensive $9,999,999
Least Expensive $77,550
Market Action Index
Slight Seller's Advantage
38

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
$790,000 3,296 0.25 - 0.5 acre 4 3 23 73 60 125
$434,947 2,243 8,000 - 10,000 sqft 4 2 26 111 113 77
$299,000 1,732 4,500 - 6,500 sqft 3 2 35 134 114 71
$214,900 1,458 0 - 4,500 sqft 3 2 48 151 198 58