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.
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.
Total Inventory: 17,792
This is an increase over last month of 1.7%, while down from last year by 11.9%.
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.
Average Days on Market: 59
Days on market is down 4 days from last year and last month.
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!