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PHOENIX, AZ
Current Real Estate Market Conditions for Single Family Homes Trends in Pricing Current Levels of Supply and Demand Value Metrics
Presented by Kelli Grant Group Moving People Through Good Deeds Platinum Premier Realty Admin@PhoenixHomeResource.com (623) 239-4402
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
City Overview
Kelli Grant Group | www.PhoenixHomeResource.com
PHOENIX, AZ
This Week
The median list price in PHOENIX, AZ this week is $155,000. The 3313 properties have been on the market for an average of 124 days.
Median List Price Average List Price
Trend
+ + +
Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing
The Market Action Index has been trending down recently, but as dayson-market decreases also, there are not strong signals for the direction of the market.
Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms
Trend Key:
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
3266 2082
19 18 28 40
75 118 109 76
72 96 123 123
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
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City Overview
PHOENIX, AZ
Median Price
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
7-day Average
90-day Average
Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 3 of 6
City Overview
PHOENIX, AZ
7-day Average
90-day Average
7-day Average
90-day Average
Page 4 of 6
City Overview
PHOENIX, AZ
90-day Average
Buyers/Sellers Cutoff
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 6
City Overview
PHOENIX, AZ
Days on Market
The properties have been on the market for an average of 124 days. Half of the listings have come newly on the market in the past 77 or so days.
7-day Average
90-day Average
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
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