August 2019 Phoenix Real Estate Statistics

August 2019 Phoenix Real Estate Statistics

August 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 August. You can read more by clicking here: http://armls.com/docs/2019-August-STAT.pdf

This is the time of year when sales are slow, a seasonal occurrence. Demand almost always subsides every year between July and January. New listings should maintain enough momentum to keep active listing counts from falling. 2019 sales should surpass 2018 in both sales volume and price.

Total Monthly Sales: 8,726

Sales are down 5.1% from last month, and up 8.6% from last year.

August 2019 Phoenix Monthly Sales
August 2019 Phoenix Monthly Sales

Total Inventory: 17,492

This is a decrease over last month of 2.9%, while down from last year by 11.8%.

August 2019 Phoenix Monthly Sales
August 2019 Phoenix Monthly Sales

Average Sales Price: $338,700

Still rising, up 4.9% from last year at this time. As home prices rise, the market needs more rental homes.

August 2019 Phoenix Monthly Sales
August 2019 Phoenix Monthly Sales

Average Days on Market: 63

Days on market is up 1 day from last year at this time, and the same as last month.

August 2019 Phoenix Monthly Sales
August 2019 Phoenix Monthly Sales

Summary

August 2019 Phoenix Real Estate Statistics: this is the time of year when sales are slow, a seasonal occurrence. Demand almost always subsides every year between July and January. New listings should maintain enough momentum to keep active listing counts from falling. 2019 sales should surpass 2018 in both sales volume and price.

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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