June 2019 Phoenix Real Estate Statistics

June 2019 Phoenix Real Estate Statistics

June 2019 Phoenix Real Estate Statistics: May and June were both exceptionally strong with June having $3,265,463,755 in dollar volume, the highest total for any June in ARMLS history. As an added caveat, there was one less business day this year compared to 2018, making this year’s total that much more impressive. As we reach the halfway point for the year, 2019 ranks as the best year on record.

What does all this mean for you? With home inventory low and prices high, the ARMLS Phoenix Metro market needs an influx of homes to rent. If you have investment property, call us today at (602) 753-0333 Here are some of the numbers in the ARMLS region for June. You can read more by clicking here: http://armls.com/docs/2019-June-STAT.pdf

Total Monthly Sales: 9,313

Sales are down 9.9% from last month, and up 2.6% from last year.

June 2019 Phoenix Real Estate Statistics
June 2019 Phoenix Real Estate Statistics

Total Inventory: 19,778

This is a decrease over last month of 7.5%, while down from last year by 2.8%.

June 2019 Phoenix Total Inventory
June 2019 Phoenix Total Inventory

Average Sales Price: $350,600

Still rising, up 5.1% from last year at this time. As home prices rise, the market needs more rental homes.

June 2019 Phoenix Average Sales Price
June 2019 Phoenix Average Sales Price

Average Days on Market: 65

Days on market is down 3 days from last year at this time, and the same as last month last month. This shows that homes are selling a bit faster.

June 2019 Average Days on Market
June 2019 Average Days on Market

Summary

May and June were both exceptionally strong with June having $3,265,463,755 in dollar volume, the highest total for any June in ARMLS history. As an added caveat, there was one less business day this year compared to 2018, making this year’s total that much more impressive. As we reach the halfway point for the year, 2019 ranks as the best year on record.

What does all of this mean? It’s a great time to have a Phoenix investment home, and a great time to rent a home in Phoenix! Check out our available rentals at: http://allcountyprestige.com/available-rentals

Call us today at: (602) 753-0333 for more information about renting out your home in Phoenix.

All County is here for you!

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