Here is the most recent Phoenix AZ Real Estate Housing Market Report for July 2023:
The average sales price of Phoenix homes has increased after decreasing last month, going from $578,956 in June to $604,959 in July. The average sales price for Phoenix homes in July is still significantly lower than the all-time high of $621,488 that occurred in May of 2022, but it has been on an upward trend in 2023.
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 increased for the 6th 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 $298/sf in July.
After increasing for 9 straight months, the Phoenix days on market has now decreased for the 5th month in a row. The days on market went from 81 DOM in February down to 46 DOM in July. Homes in Phoenix are still selling fast, but slower than the frenzied activity we saw in 2021 and the first half of 2022.
After increasing for 9 straight months, the Phoenix days on market has now decreased for the 5th month in a row. The days on market went from 81 DOM in February down to 46 DOM in July. Homes in Phoenix are still selling fast, but slower than the frenzied activity we saw in 2021 and the first half of 2022.
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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