A Close Look At The Greater PHX Area Real Estate Market In Nov 2018

By
Real Estate Agent with Keller Williams Realty EV (AZ) & Keller Williams SLC (UT) 629265000 & 7238507

A Close Look At The Greater PHX Area Real Estate Market In November 2018

Continuing an upward trend, active listings went up from October's 18,333 to 18,566 in the last month while cancellations and expired listings went down from 2,056 to 2,036. While new inventory decreased from 9,700 to 8,653, the current supply is expected to support inventory for 2.80 months, up from 2.50 previously.

Closings might've been reduced to 6,630 in the past month from from 7,336 in October with listing success rate going down from 72.0% to 69.3% but didn't stop the Sold to List Ratio from increasing slightly to 97.9% from 97.8%. The average home sale price also climbed from $326,148 to $327,673.

Now with the holidays around the corner and these trends to consider, you might be thinking of selling your home this season. Why not take a look at 9 reasons why you should sell your home during the holidays and contact us for any additional questions or assistance getting top dollar for your property!

 

 

Is Your Home Worth More Than You Think?
 
 
 
Call or Text
SHANNA DAY, 480-415-7616
for any questions or more information!

 

Click here to view all of the Shanna Day Team Featured Listings


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Shanna Day Dream Home Team

Keller Williams Realty East Valley

480-415-7616

info@shannaday.com

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A Close Look At The Greater PHX Area Real Estate Market In November 2018

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Topic:
Real Estate Market Trends
Location:
Arizona Maricopa County Phoenix
Tags:
east valley
keller williams
selling a home in arizona
make me move
phoenix az real estate
buying a home in arizona
phoenix az realtor
greater phoenix area
shanna day team
arizona homeseller
arizona homebuyer
updated 120718

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Rainmaker
972,166
Joyce Marsh, Daytona Beach Florida Real Estate
Joyce Marsh Real Estate - Daytona Beach, FL
Daytona Beach Area Coastal Homes and Lifestyles

Your reports will definitely help buyers and sellers who are watching local market trends.  Thanks for sharing your update with us.  

Dec 07, 2018 06:30 AM #1
Rainmaker
2,665,427
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

There are a couple of her properties in Phoenix for sure! Again, good luck with everything in the new year as well!

Dec 11, 2018 11:16 PM #2
Rainmaker
2,665,427
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Joyce Marsh, Daytona Beach Florida Real Estate I think that’s the idea: to help as many people as possible. Hopefully, that’s all our missions collectively, to help people.:)

Dec 11, 2018 11:18 PM #3
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Rainmaker
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