Lawyers Title Market Report

Phoenix, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Phoenix, AZ

Thu Feb 21 2019
This week the median list price for Phoenix, AZ is $343,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 3934. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Thu Feb 21 2019
This week the median list price for Phoenix, AZ is $343,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 3934. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $343,500
Per Square Foot $180
Days on Market 88
Price Decreased 49%
Price Increased 4%
Relisted 7%
Inventory 3934
Median House Rent $1,700
Most Expensive $12,950,000
Least Expensive $50,000
Market Action Index
Slight Seller's Advantage
35

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
$749,900 3,260 0.25 - 0.5 acre 4 3 22 73 40 126
$415,000 2,195 8,000 - 10,000 sqft 4 2 30 109 72 90
$289,000 1,688 0 - 4,500 sqft 3 2 38 140 115 77
$205,000 1,414 0 - 4,500 sqft 3 2 48 149 137 59