Real Estate Market Activity For Phoenix, AZ - August 2015
The following numbers are effective on September 15, 2015 for the Phoenix housing market. There were a total of new listings in the month of August compared with a 5 year average of 2353, bringing the current count for total active homes for sale in August to 3796. There were 2112 homes that went under contract during the month at an average of 63 days on market. The average selling price was $243,242, which was 96.5% of the home's listed price when the contract was accepted. The number of homes has tailed off over the last two months, but that appears to be fairly consistent with the hotter summer weather. If you are thinking about selling your home and would like a value estimate on your home, be sure to check out our new SpyDoor home valuation tool.
Click on the link to see more information on the changing real estate market in Phoenix.