Welcome to another Arizona Real Estate Market Update.
Today we are going to showcase a stat that I think helps put today’s market into perspective.
“Average Price – Monthly Sales” is the average gross price recorded as paid for homes sold in the last 30 days.
Today’s Average Price – Monthly Sales for the Phoenix Metro market is $357,592. This is compared to $356,402 last month (5/17/2020) and $348,346 last year (6/17/2019).
As you can see, while things with the market can change on a day-by-day basis, today’s market is looking pretty good compared to this time last month and even last year.
If you have specific questions about what the market is doing in your particular city or zip code, please don’t hesitate to reach out.