Your Phoenix Real Estate Market Report – March 2018 is out. Get the low-down on the local housing market here in the Phoenix metro. Thinking about buying or selling a Phoenix property? This March 2018 market report is loaded with info.

📣 John’s Greater Phoenix Housing Market Predictions March 2019

🔖 What is the Average Price by Home Size

March 2019 - Average price under 1400 sq ft

Phoenix March 2019 - 1400-1801

Phoenix March 2019 - Under 1400 sq ft

Phoenix March 2019 - 2251-3000 sq ft

Phoenix March 2019 - 3000-5000 sq ft

Phoenix March 2019 - Over 5000 sq ft

🗓 Months of Supply

The chart below plots out the months supply in accordance with the monthly sales rate. It comes from the on all ARMLS sales within the Phoenix metro. Currently, we are sitting at 2.8 months supply.

PHOENIX MONTHS SUPPLY - MARCH 2019

⏳ Days on Market

Days on Market or DOM is the accumulation of days it is taking to get a property sold in the Phoenix metro. Current DOM is 87.21 days.

DOM-Phoenix March 2019

 

March 2019 - Phoenix - DOM Under 1400 sq ft (3)

March 2019 - Phoenix - DOM 1401 - 1800 sq ft

March 2019 - Phoenix - DOM 1801 - 2250 sq ft

March 2019 - Phoenix - DOM 2251 - 3000 sq ft

March 2019 - Phoenix - DOM 3001 - 5000 sq ft

March 2019 - Phoenix - DOM Over 5000 sq ft

📊 Volume of Annual Sales

March 2019 - Annual Sales Rate - Phoenix AZ

Monthly Annual Sales Price Per Square Foot

March 2019 - Monthly Average Price per square foot - Phoenix

🏠 Existing Home Sales for (Month/Year, example: January 2019)

This chart reflects the sales recorded in the last week of February 2019.

Weekly sales Phoenix March 2019

🕑 Average Time on Market of Listings in Greater Phoenix for past 5 years

Days of Inventory Phoenix AZ March 2019

🏘 Active Number of Listings in Phoenix

Active Listings Phoenix - March 2019

💲 Average List to Close Price

Phoenix Average list to sales price March 2019

📈 Real Estate Statistics: National Stats

Real Estate Statistics - National Stats _ US Map

 

 

 

 

 

 

 

 

 

 

 

 

 

Highlights

  • Properties were typically on the market for 49 days comp[ared to 42 days in January 2018.
  • Seventy-eight percent of participants indicated that home prices increased or remained stable in January 2019 verses one year ago (89 percent in January 2018).
  • Cash sales were responsible for 23% of sales compared to 22% in the previous year.
  • 21% of home sellers offered buyer incentives (points, loan fees, and closing costs). Home warranties were also appealing incentives to buyers.

🤑 Maricopa County Median Price Range

💰 Average Sales Price for Condos

Phoenix Monthly Average Condo Sales Price - March 2019

📆 Months of Condo Inventory Supply in Greater Phoenix

Phoenix Condo Inventory - Months Supply - March 2019

⌚️ Average Time on Market for Condos in Greater Phoenix

Average DOM Condos Phoenix - March 2019

Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.

See Additional Reports on the Phoenix Real Estate Market

Here’s the most recent home listings just added to the database in the average price range for Phoenix.

All homes here are priced at $300,000 or less.

Available Homes in Greater Phoenix Under 300K


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