How long to sell Condos in Phoenix Az? November 2016

By
Real Estate Agent with HomeSmart

How long to sell Condos in Phoenix Az? November 2016

 

The answer to the question is that the length of time to sell a condo 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).  The statistics for this report will include both condos as well as townhomes for the entire MLS area of Phoenix.

 

What is the average time on market for condos at this time?

114 days is the current average

2057 plus days is the longest time on market

 

What is the average time on market for condos currently under contract?

67 days is current average for time to get home under contract

880 is current longest time for home

 

What is the average time on market for condos that have sold in the last 30 days?

63 days

1283 was longest time

 

How much current inventory is available on market, and does it benefit buyer or seller?

2.69 months

 

Quick Commentary – Inventory levels are low, and the market inventory favors the sellers.  Take note of the active average days on market vs. the sold average days on market, and the take away is that homes selling are priced correctly.  Those that on average are 2x the average sold tell the story of very likely being overpriced.

To search properties in Phoenix please visit http://www.centralphoenixaz.com/home-search/

 

To request a home valuation for your home, or a consultation please visit http://www.centralphoenixaz.com/ or call David at 602-373-6345

 

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David Alan Baker Laveen & South Phoenix Realtor

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