Tempe AZ Real Estate Housing Market Report - May 2022

Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Tempe AZ Real Estate Housing Market Report for May 2022:
The average sales price of Tempe homes increased for the sixth straight month, moving from $604,168 in April to a new all-time high of $612,663 in May.

After remaining the same in February and March, at $303/sf, the average sold price per square foot of Tempe homes increased for the second straight month reaching a new all-time high of $330/sf in May. This is the fifth straight month the average sold price per square foot in Tempe, Arizona has increased.
After increasing to 40 days on market in March, Tempe days on market has decreased two months in a row, as is now at a new all-time low of 20 DOM for May. This shows that homes in Tempe are selling faster than they ever have before.
Click on the image below to read the full article and see what is going on in the Tempe 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 Tempe, 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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Licensed Residential Realtor® in Arizona at 602-295-6807


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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 (3)

Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Troy hope the buyers and sellers are reading your post and are reaching out to up to date advice about the market because it is changing fast as we speak, Endre

Jun 17, 2022 11:06 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jun 18, 2022 07:37 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

So true Endre Barath, Jr. It will be interesting to see how the market will change by next month. Interest rates have skyrocketed near 6.0%.

Jun 21, 2022 01:51 AM