Phoenix, AZ Monthly Market Report - Nov. 2016

Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000


The Phoenix, AZ real estate market continued to hit the brakes a bit the month of November.  The number of homes sold was down again, -8% from October, but up  27% from last year. The year over year price increase continues to move in the right direction, although at a little less steep trajectory,  up 10% over November 2015. The 12 month moving average sale price is now $255,706, up 7% from the previous year and inching closer to our pre crash highs.  The number of homes on the market is 4.039, down 2% over October,  with the days on market at 64, same as last year, and still within the benchmark of a seller's market.  The "Burn Rate" (pending sales/active listings) edged up to 2.84 months supply. The Phoenix, AZ housing market is stable, but there are still signs of a slow down. Stay tuned for future reports.

Here are the latest stats for the month ending 11/30/16:

Active Listings: 4,039

Homes Pending: 2,197

Homes sold in last 30 days: 1,529 (Down 8% from Oct. '16, Up 27% from Nov. '15 )

Burn rate (Inventory on market / by homes currently under contract) =  2.84 months supply

Avg. Sale price (Solds): $265,018 (Up 3% from Oct. '16, Up 10% from Nov. '15)

Avg. price per sq. ft. (Solds): $151.09 (Up 6% from Oct. '16, Up 14% from Nov. '15)

Avg. Days on Market (Solds): 64 (Down 6% from Oct. '16, Same as Nov. '15)

To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail:

To search Phoenix homes for sale please visit:

Like us on Facebook at:

And follow me on Twitter at: JWMIMAZRealtor


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Arizona Maricopa County Phoenix
The Art Of Marketing You
Almost Anything Goes
Law of Attraction for the REALTOR!
POSITIVE ATTITUDE for the Weary Soul
City and State
homes for sale
certified residential specialist
real estate
market reports
long realty
jerry murphy
berkshire hathaway home services of america

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in your market area will appreciate this information.

Dec 03, 2016 04:32 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
Ask me a question
Spam prevention

Additional Information