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How long to sell a Luxury Home in Phoenix Az? June 2018
How long to sell a Luxury Home in Phoenix Az? June 2018


The answer to the question is that the length of time to sell a luxury home in Phoenix Az varies.  Yet, we can look at some information which can give you a general idea, based on other homes in the Phoenix area. 


Information is gathered from the MLS (multiple listing service) on ALL properties that are currently on market, under contract or recently sold that are priced over $1,000,000.  This will include all areas within our MLS boundaries, and again, all property types.
 
What is the average time on market for luxury homes at this time?
223 days is the current average
2357 days is the longest time on market
 
What is the average time on market for luxury homes currently under contract?
180 days is current average for time to get home under contract
1294 is current longest time for home
 
What is the average time on market for luxury homes that have sold in the last 30 days?
187 days
1045 was longest time
 
How much current inventory is available on market, and does it benefit buyer or seller?
7.7 months
 
Quick Commentary - While time on market is considerably longer for the luxury home market, homes are ... more

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