Phoenix Housing Market Update April 2017

By
Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

As we head into the summer months the Phoenix Housing Market Upudate, April 2017 is picking up speed and inventory is dropping.  Currently there are 18, 216 homes and condos for sale on our Arizona Regional MLS.  

 

Active Listings April 2017

Currently, it takes about 78 days for a home to sell in Maricopa County for this Phoenix Housing Market Update, April 2017.  This is across the board so if you are seeing this and want more specific city and zip code information, please contact me. 

Average Cumulative Days on market April 2017

Prices are still climbing in Phoenix.   Currently, the Median Sales price is $239,900. Remember that Maricopa County is almost 500 square miles so this is a lot of area to cover and price ranges can vary widely. 

 Median Sales price April 2017

As summer approaches, inventory begins to drop and the Months Supply graph reflects that fact.  Each summer you can see the cycle of reducing inventory. 

Months Supply of Inventory April 2017

 

Prices continue to climb as shown in this Under Contract for List Price per square foot.   If you'd like for me to send you information about prices for your home in Maricopa County, please contact me!  

Under Contract List Price per sq ft April 2017

Charts for the Phoenix Housing Market Update, April 2017 courtesy of the Comford Report.

 

 

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Comments (2)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Jan - that is a very informative market report.  Buyers and sellers should contact you for the most up to date information.

May 19, 2017 11:25 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you Grant Schneider !  These reports help a lot when it comes to showing buyers and sellers what's going on in the market.  Have a great weekend!

May 20, 2017 07:49 AM