Phoenix Arizona Homes
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Beautiful Phoenix Arizona Homes are easy to find with this powerful Map Search below. Your Search Results will appear below showing the “Newest Listings” first.
Our Median Sales Price in May was $398,000, up 30.9% from $304,000 in May of 2020 and up 4.1% from $382,200 last month. The average sales price in May was $500,635, up 34.7% from $371,532 in May of 2020 and up 1.5% from $493,129 last month. May 2021 ASP was at highest level compared to May of 2020 and 2019. (see more market report below photos)
We can currently see (952) Homes available in Phoenix today.
Phoenix Arizona Homes ~ Newest Listings
Phoenix Arizona Homes ~ Monthly Market Report
May property sales were 1,635, up from 1,261 in May of 2020 and 0.8% higher than the 1,622 sales last month. May 2021 sales were at a mid level compared to May of 2020 and 2019. May YTD sales of 7,522 are running 19.9% ahead of last year’s year-to-date sales of 6,272.
The total inventory of properties available for sale as of May was 1,398, up 18.5% from 1,180 last month and down -29.3% from 1,977 in May of last year. May 2021 Inventory was at the lowest level compared to May of 2020 and 2019.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for May was 15, down from 18 days last month and down from 29 days in May of last year. The May 2021 DOM was at its lowest level compared with May of 2020 and 2019.
Selling Price (per) Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The May 2021 selling price per square foot of $251 was up 2.0% from $246 last month and up 29.4% from $194 in May of last year.
Selling Price (vs) Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The May 2021 selling price vs list price of 103.1% was up from 102.5% last month and up from 97.8% in May of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you. – Thanks!! (480)208-7955 – We are located next to Paradise Valley (See Map Here) ~ You can also find us at Scottsdale Homes 🙂