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Here's The Greater PHX Area Real Estate Market Snapshot For Dec 2020!
Here's A Good Look At The Greater Phoenix Area Real Estate Market Snapshot For December 2020!
The last month of 2020 capped off a year that might be remembered for a while for hosting quite an exciting period marked by low inventory and low interest rates. While the 7,787 new listings for November 2020 was a bit higher than the 7,635 properties December 2019 posted, December 2020 went below further with only 6,599 new listings coming in for the month.
Last month's active listings then unsurprisingly only registered 5,356 properties expected to last 0.56 months. The month prior had 6,635 listings up on the market for 0.85 months while the same month from the previous year continue to remind us of a different time with an inventory of 13,765 homes for sale good for 1.93 months.
And while listings spend an average of 40 days on the market in December 2020 (up from 38 days in November 2020 but definitely better than the 57 days back in December 2019), there were 9,548 closings for that month. A superior showing when you consider that the month before had 8,759 properties sold and a year ago there were only 7,117 closings in the same ... more

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