Lawyers Title Market Report

Phoenix, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Phoenix, AZ

Fri Aug 23 2019
This week the median list price for Phoenix, AZ is $373,900 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 2949. Click here to stay informed with the Phoenix market!

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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ

Fri Aug 23 2019
This week the median list price for Phoenix, AZ is $373,900 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 2949. Click here to stay informed with the Phoenix market!

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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $373,900
Per Square Foot $187
Days on Market 82
Price Decreased 46%
Price Increased 5%
Relisted 6%
Inventory 2949
Median House Rent $1,550
Most Expensive $9,999,999
Least Expensive $69,900
Market Action Index
Slight Seller's Advantage
43

The market appears to be 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
$799,000 3,283 0.25 - 0.5 acre 4 3 23 56 57 134
$445,000 2,300 8,000 - 10,000 sqft 4 2 25 61 84 84
$309,900 1,750 4,500 - 6,500 sqft 3 2 36 121 133 63
$224,250 1,393 0 - 4,500 sqft 3 2 48 155 148 48