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Arizona Cities Market Conditions

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To explore the market conditions in a city, please click on that city.

Metro Phoenix Market Conditions

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Absorption Rate (%) (Metro Phoenix Residential Listings)   05/2012   2.32   06/2012   2.38   07/2012   2.44   08/2012   2.55   09/2012   2.68   10/2012   2.88   11/2012   3.03   12/2012   2.97   01/2013   2.95   02/2013   2.94   03/2013   2.88   04/2013   2.78

Active Average List Price ($) (Metro Phoenix Residential Listings)   05/2012   369,196.43   06/2012   354,859.14   07/2012   343,928.76   08/2012   336,988.57   09/2012   333,520.21   10/2012   338,779.47   11/2012   343,464.39   12/2012   350,211.2   01/2013   355,203.74   02/2013   370,171.93   03/2013   387,881.62   04/2013   400,405.11

New Average List Price ($) (Metro Phoenix Residential Listings)   05/2012   227,554.59   06/2012   221,367.72   07/2012   224,794.65   08/2012   216,549.37   09/2012   251,554.09   10/2012   257,685.86   11/2012   256,724.65   12/2012   249,170.93   01/2013   272,414.74   02/2013   278,466.99   03/2013   280,575.47   04/2013   282,893.86

Days On Market (Metro Phoenix Residential Listings)   05/2012   75.9   06/2012   67.4   07/2012   66.3   08/2012   63.1   09/2012   62.7   10/2012   64.2   11/2012   59.8   12/2012   64.4   01/2013   66.2   02/2013   69.6   03/2013   67.5   04/2013   64.4

Absorption Rate

Absorption rate in its simplest form is how long it will take the market in a given area to absorb the current inventory of homes that are for sale. A declining figure indicates the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than there are buyers willing to buy at the market prices.

For example: If 12 homes sold in the last 12 months that means that the market will absorb 1 house per month on average. If there are 10 homes currently on the market, there is a 10 month supply and so on.

Active Average List Price

The active average list price is the average price of all active listing for any given time period. Feel free to contact one of our "Certified" agents to get more detailed reports on the price range you are interested in.

New Average List Price

The new average list price is the average price of new (1st time to be listed) property listings for any given time period. Feel free to contact one of our "Certified" agents to get more detailed reports on the price range you are interested in.

Days On Market

Another important piece of information for home buyers and sellers is called average Days on Market (DOM). This measures the length of time a house -- on average -- will stay on the market from the day it is listed until the day it goes under contract. To determine the average days on market, we take the last 30 days of sold listings, add together the days on market (before each listing went pending) and divide that total by the number of listings.