The First American Title Market Report

Phoenix, AZ

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ

Sun May 26 2019
This week the median list price for Phoenix, AZ is $367,000 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has held steady at or around 3658. 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

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

Sun May 26 2019
This week the median list price for Phoenix, AZ is $367,000 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has held steady at or around 3658. 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

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 $367,000
Per Square Foot $184
Days on Market 78
Price Decreased 48%
Price Increased 5%
Relisted 6%
Inventory 3658
Median House Rent $1,450
Most Expensive $9,999,999
Least Expensive $35,000
Market Action Index
Slight Seller's Advantage
41

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
$799,000 3,320 0.25 - 0.5 acre 4 3 22 64 77 120
$444,650 2,315 8,000 - 10,000 sqft 4 2 27 92 92 80
$310,000 1,776 4,500 - 6,500 sqft 3 2 34 132 155 65
$219,900 1,442 0 - 4,500 sqft 3 2 47 180 190 48