Lawyers Title Market Report

Phoenix, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Phoenix, AZ

Wed Oct 24 2018
This week the median list price for Phoenix, AZ is $339,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 3672. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Wed Oct 24 2018
This week the median list price for Phoenix, AZ is $339,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 3672. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $339,000
Per Square Foot $177
Days on Market 80
Price Decreased 52%
Price Increased 4%
Relisted 6%
Inventory 3672
Median House Rent $1,595
Most Expensive $12,950,000
Least Expensive $65,000
Market Action Index
Slight Seller's Advantage
40

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$699,000 3,196 0.25 - 0.5 acre 4 3 23 72 60 124
$399,925 2,162 8,000 - 10,000 sqft 4 2 28 95 105 83
$285,000 1,734 0 - 4,500 sqft 3 2 32 114 107 62
$207,950 1,428 0 - 4,500 sqft 3 2 47 155 138 52