November 2019 Snapshot Of The Greater Phoenix Area Real Estate

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

Take A Look At The November 2019 Snapshot Of The Greater Phoenix Area Real Estate

November 2019's numbers dipped between slight to worse from the figures posted by October 2019 but it fared a bit better when compared to the same month a year ago. Just take the new inventory for example- 7,635 homes went up for sale in November 2019 but the previous month had way more listings go on market with 9,863. A year ago, the month of November had only 6,080 new inventory.

Same story with the number of closings and listing success rate with October 2019 seeing 7,997 homes get sold for an 80.3% success rate and November 2019 posting less at 7,117 closed at 79.9%. November 2018 fared worse with only 6,498 homes going to new owners with a 64.2% listing success rate.

It's with active listings and sold to list price ratio though where the past month ended in third place to the other two months, with November 2019's posting 13,765 homes for sale with 97.7% sold to list price ratio versus October 2019's 14,630 with 98.1% and November 2018's 17,624 with 97.9%.

And while it recorded the lowest number in one category, it's actually a better performance since we're talking about canceled/expired listings. November 2019 saw 1,432 listings getting canceled or going expired while October 2019 had the slightly higher number at 1,577. Then there's November 2018 with 2,036 canceled/expired listings.

A higher average sales price of $357,825 might explain November 2019's lower figures when taking the previous month's $346,911 and last year's $327,513. Of course, spending 57 days on average on the market in November 2019 is a bit improvement from October 2019's 58 days but a welcome number when compared to November 2018's 67 days.

 

 

 

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


FUTURE QUESTIONS

If you have any topics or questions you would like answered, contact The Shanna Day Dream Home Team - we’ll find the answers for you!

Shanna Day Dream Home Team

Keller Williams Realty East Valley

480-415-7616

info@shannaday.com

ShannaDayTeam.com

View ShannaDay Dream Team Profile

 

 

 

Take A Look At The November 2019 Snapshot Of The Greater Phoenix Area Real Estate

Posted by

Shanna Day Dream Home Team

https://plus.google.com/112829348058511259992

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Arizona Maricopa County Phoenix
Groups:
Out Of The Box!
POSITIVE ATTITUDE for the Weary Soul
ActiveRain Rockstars
HAPPY AT ACTIVERAIN
Addicted to Active Rain
Tags:
arizona real estate
east valley
arizona realtor
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

Spam prevention
Show All Comments
Rainer
296,750
Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Nick

 

Dec 05, 2019 12:31 AM #1
Rainmaker
1,276,441
Michele Cadogan 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Someone thinking of  relocating to the Greater Phonix area will really apprreciate this market and community report.

Dec 05, 2019 10:48 AM #2
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?

Rainmaker
770,725

Shanna Day Team Leader AZ & UT - Call 480-415-7616

Top .0033% of 40,000+ Realtors in our MLS
Ask Me a Question...
*
*
*
*
Spam prevention

Additional Information