September 2019 Phoenix Real Estate Statistics

September 2019 Phoenix Real Estate Statistics: 2019 has been an excellent year for ARMLS subscribers. When viewing the first 3 quarters of 2019, this year ranks number one with $25.47 billion dollars in gross sales. When the year ends, 2019 will most likely finish second to 2005.

September 2019 Phoenix Real Estate Statistics
September 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 September. You can read more by clicking here: http://armls.com/docs/2019-September-STAT.pdf

Total Monthly Sales: 7,850

Sales are down 10% from last month, and up 13.8% from last year.

September 2019 Phoenix Monthly Sales
September 2019 Phoenix Monthly Sales

Total Inventory: 17,792

This is an increase over last month of 1.7%, while down from last year by 11.9%.

September 2019 Phoenix Total Inventory
September 2019 Phoenix Total Inventory

Average Sales Price: $333,700

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

September 2019 Phoenix Total Inventory
September 2019 Phoenix Total Inventory

Average Days on Market: 59

Days on market is down 4 days from last year and last month.

September 2019 Phoenix Average Days on Market
September 2019 Phoenix Average Days on Market

Summary

This is the time of year sales 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 do the September 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!

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!

July 2019 Phoenix Real Estate Stats BLG

July 2019 Phoenix Real Estate Statistics

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.

July 2019 Phoenix Monthly Sales
July 2019 Phoenix Monthly Sales

Total Inventory: 18,007

This is a decrease over last month of 9.0%, while down from last year by 8.8%.

July 2019 Phoenix Total Inventory
July 2019 Phoenix Total Inventory

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.

July 2019 Phoenix Average Sales Price
July 2019 Phoenix Average Sales Price

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.

July 2019 Phoenix Average Sales Price
July 2019 Phoenix Average Sales Price

Summary

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!

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!