Phoenix Area Real Estate Blog

Real Estate information for Phoenix, Scottsdale, and nearby Arizona cities

Phoenix Area Real Estate Blog

Phoenix Real Estate Market Update - #7

This week’s update occurs on Father’s Day.  From this father to all of the other father’s out there, we certainly hope you had a great Father’s Day. 

Across all of Maricopa County, there are currently 37,091 single family homes for sale, down by 85 from last week. There are 5692 sales currently pending, up by 280 from last week. And 4477 homes closed escrow in the last 30 days, up by 75 from last week.  As a result, broader Maricopa County is now at 8.3 months of inventory, based on this week’s numbers.

The broader Phoenix real estate statistics continue to show that the market is improving toward a balanced market. The following are the 10 city-by-city breakdowns I am following:

City

Homes For Sale

Sales Pending

Sold

Phoenix

10,215red-up-arrow54

1390green-up-arrow73

989green-up-arrow33

Scottsdale

4041green-down-arrow10

375green-up-arrow5

342green-up-arrow11

Mesa

3294green-down-arrow4

516green-up-arrow7

436green-up-arrow18

Chandler

1906green-down-arrow31

375green-up-arrow27

314green-up-arrow9

Glendale

2040red-up-arrow2

385green-up-arrow25

257 red-down-arrow2

Goodyear

909green-down-arrow2

166red-down-arrow1

153 green-up-arrow12

Tempe

508green-down-arrow5

91red-down-arrow2

111 green-up-arrow2

Cave Creek

564green-down-arrow1

50green-up-arrow2

24 red-down-arrow1

Fountain Hills

519green-down-arrow0

36red-down-arrow1

33 green-up-arrow4

Paradise Valley

453red-up-arrow4

21 green-up-arrow3

17 red-down-arrow3

Carefree

129red-up-arrow1

6 green-up-arrow0

2 red-down-arrow1

*All data comes via ARMLS, and is presumed to be reliable, but is not guaranteed. All numbers represent single family detached homes only. Condos, townhouses, timeshares, vacant land lots, and manufactured homes are not represented in these numbers. All sold properties were sold in the last 30 days.

The following trend indicators are relative to the previous week’s update:

green-up-arrow Positive move upward green-down-arrow Positive move downward

red-down-arrow Negative move downward red-up-arrow Negative move upward

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Tags: Market Update · Phoenix · Real Estate · Scottsdale

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