Phoenix MLS Statistics

Note: These charts represent the last 12-months of activity on residential real estate in Phoenix.

Phoenix Home Prices:

(12 Month History)

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Phoenix Absorption Rate:

(12 Month History)
This rate represents the number of months it would take to deplete the current inventory with no new listings. The absorption rate in a balanced market is typically between 5 – 7 months. A higher number would reflect more of a buyer’s market and a lower number a seller’s market.

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Phoenix Inventory:

(12 Month History)
  • 2824,2786,2928,3048,3130,3282,3336,3357,3418,3642,3880,4160
  • 916,1650,1623,1745,1740,1788,1546,1445,1658,1632,1675,1281
  • 855,819,1010,1259,1249,1369,1134,1191,954,979,1072,939

Information is deemed to be reliable, but is not guaranteed. © 2024

Average Days on Market in Phoenix:

(12 Month History)
This number represents the average number of days between the original listing date and the “under contract” date among the homes sold in a given month.
  • 54.0,58.8,61.2,58.9,60.8,54.8,56.1,57.8,62.3,62.6,63.8,63.9

Information is deemed to be reliable, but is not guaranteed. © 2024

Phoenix Volume:

(12 Month History)
  • 1930362896,1887896897,2084900771,2174939639,2205617872,2245125812,2285130962,2172704234,2140680793,2299245362,2505661822,2726013231
  • 534647427,1063288824,1017894347,1117402388,1076485716,1061829467,873241844,802128302,965061669,1010735495,1002168018,838589467
  • 493527707,456259187,596174566,724893671,754350356,800727596,661115500,652183482,542196081,554278534,628152196,550170602

Information is deemed to be reliable, but is not guaranteed. © 2024

Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 577225.39,557093.02,590271.85,575769.40,603963.46,584899.63,582994.27,547593.18,568339.71,566168.06,585962.87,585911.18
  • 562746.77,540171.16,576775.51,565960.27,591269.04,574017.72,570351.40,535407.52,556168.06,552491.42,573824.09,573313.46

Information is deemed to be reliable, but is not guaranteed. © 2024

Sale to List Price Ratio:

(12 Month History)
This ratio represents the average percentage of the list price that sellers accepted in a given month.
  • 97.9,97.5,98.2,98.5,98.3,98.5,98.2,98.4,98.0,97.9,98.3,98.1

Information is deemed to be reliable, but is not guaranteed. © 2024