Tue Nov 29 2022
This week the median list price for Phoenix, AZ 85034 is $264,900 with the market action index hovering around 28. This is an increase over last month's market action index of 18. Inventory has decreased to 1.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$264,900|
|Median Price of New Listings||$0|
|Per Square Foot||$268|
|Average Days on Market||28|
|Median Days on Market||28|
|Slight Buyer's Advantage|
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$264,900||985||0 - 4,500 sqft||3||2||71||0||0||28|