The First American Title Market Report

Phoenix, AZ

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ

Mon Jun 17 2019
This week the median list price for Phoenix, AZ is $369,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 3481. 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

Mon Jun 17 2019
This week the median list price for Phoenix, AZ is $369,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 3481. 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 $369,000
Per Square Foot $184
Days on Market 80
Price Decreased 47%
Price Increased 5%
Relisted 6%
Inventory 3481
Median House Rent $1,482
Most Expensive $9,999,999
Least Expensive $89,500
Market Action Index
Slight Seller's Advantage
42

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 3,323 0.25 - 0.5 acre 4 3 23 57 67 125
$445,000 2,356 8,000 - 10,000 sqft 4 2 26 100 93 79
$312,000 1,770 4,500 - 6,500 sqft 3 2 35 121 126 67
$220,000 1,436 0 - 4,500 sqft 3 2 47 151 174 49