July 2019 Phoenix Real Estate Statistics: With home inventory low and prices high, the ARMLS Phoenix Metro market needs an influx of homes to rent. If you have a home to rent, or are interested in renting your home, call us today at (602) 753-0333 Here are some of the numbers in the ARMLS region for July. You can read more by clicking here: http://armls.com/docs/2019-July-STAT.pdf
In a short 5-month period, our Seller Market has gone from its weakest measure in 3 years to its strongest measure since 2005. However, since 2005 was on the decline our scenario today resembles 2004 more closely because the seller market was strengthening at nearly the same pace.
Total Monthly Sales: 9,192
Sales are down 1.3% from last month, and up 9.7% from last year.
Total Inventory: 18,007
This is a decrease over last month of 9.0%, while down from last year by 8.8%.
Average Sales Price: $341,600
Still rising, up 6.6% from last year at this time. As home prices rise, the market needs more rental homes.
Average Days on Market: 63
Days on market is up 3 days from last year at this time, and down 2 days from last month.
What do the July 2019 Phoenix real estate statistics 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!