Phoenix AZ Real Estate Housing Market Report - April 2022

By
Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Phoenix AZ Real Estate Housing Market Report for April 2022:
 
After the slightest of declines last month, the average sales price of Phoenix homes increased this month, going from $580,757 in March to a new all-time high of $618,420 in April. The average sales price of Phoenix homes has increased in 11 out of the last 15 months.

The average sold price per square foot of Phoenix homes continues to increase for the fourth straight month, going from $273/sf in December of 2021 to $313/sf in April. The Phoenix average sold price per square foot has only decreased twice in the last 26 months.
 
The Phoenix days on market decreased for the third straight month after increasing for seven straight months. The days on market has dropped from 34 in January down to 25 DOM for April. The DOM to sell a home in Phoenix is still very low, considering a balanced market would expect to see an average DOM of 90.
 
Click on the image below to read the full article and see what is going on in the Phoenix Arizona real estate market.
 
 

Feel free to reach out to me if you have any questions about buying a home, selling your home, or investing in the Phoenix, AZ or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
       
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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         Contact Troy Erickson, Realtor®, Good Company Real Estate

Licensed Residential Realtor® in Arizona at 602-295-6807

 

Reach out to me for all your Phoenix, Chandler, Ahwatukee, Tempe, Gilbert, and Scottsdale, Arizona Real Estate needs.

 

Check out our website for all Arizona Real Estate and Homes For Sale in subdivisions like Sun Lakes, Ocotillo, Lakewood, Mountain Park Ranch, Pepperwood, Circle G Ranches, and many others throughout the East Valley.

 

"Real Estate is more than just about a job for me. It is about making a difference in the lives of others. I help people just like you Buy, Sell, and Invest in East Valley Arizona Real Estate!"

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This post is for informational purposes only and should not be construed as legal advice. If you desire specific legal or tax advice, please consult the appropriate professional. The opinions expressed here represent my own and not those of my employer. Troy Erickson will not be held liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness; or any losses, injuries or damages arising from its display or use.

Comments (4)

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for an update on the Phoenix real estate market.  It is interesting to see there was a new all time high.  We just had the same thing happen in Elk Grove, California.

May 15, 2022 07:40 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Phoenix home buyers and sellers are sure to value your real estate market report, Troy.

May 16, 2022 08:13 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thank you Raymond Henson, eXp Realty. It seems like each month we are achieving records for sales prices.

May 19, 2022 02:09 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thank you Myrl Jeffcoat for always supporting my blog.

May 19, 2022 02:09 AM