Here is the most recent Phoenix AZ Real Estate Housing Market Report for April 2023:
The average sales price of Phoenix homes has increased for the 3rd straight month after decreasing for 3 months in a row, going from $522,613 in January to $567,787 in April. The average sales price for Phoenix homes in March is still significantly lower than the all-time high of $621,488 that occurred in May of 2022.
Click on the image below to read the full article and see what is going on in the Phoenix Arizona real estate market.
The average sold price per square foot of Phoenix homes also increased for the 3rd straight month after decreasing for 9 months in a row. The average sold price per square foot of Phoenix homes has gone from $274/sf in January to $288/sf in April.
After increasing for 9 straight months, the Phoenix days on market decreased for the second month in a row. The days on market went from 81 DOM in February down to 62 DOM in April. Homes in Phoenix are still selling, but at a slower pace than the previous 4 years of frenzied activity.
After increasing for 9 straight months, the Phoenix days on market decreased for the second month in a row. The days on market went from 81 DOM in February down to 62 DOM in April. Homes in Phoenix are still selling, but at a slower pace than the previous 4 years of frenzied activity.
Click the image below to see all Phoenix homes for sale.
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 Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
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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