As of yesterday, we had 4,197 active single family residence listings in the City of Phoenix. Those pending sale numbered 1,347 and we have averaged 1,065 sales per month this year.
Phoenix homes averaged 57 days on the market last month, up from 49 daysthe month before. Price per square foot has continued to gain, last quarter averaged $120.84, last month $127.14. This time last year, that number was at 101.53. Inventory is up and sales have slowed a bit but we continue in an appreciating market for the moment.
Our magnificent fall weather has arrived and all is well with the world, in the view from here!
Data per The Cromford Report