Phoenix Market Update October 17 2019

 

Phoenix Market Report October 2019

Phoenix Market Update October 17 2019

The Phoenix real estate market is a fast moving market in most areas. Our market has been steadily going up at a normal pace for several years. This week the median list price for Phoenix, AZ is $389,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 2288 listings. So what does this all mean?

 

 

Market Action Index

The chart below answers 'How's the Market' by comparing rate of sales versus inventory.

 

Phoenix Strong Sellers Market

 

 

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. And remember, a sellers market doesn't mean every home sells within days on the market with multiple offers! Homes that are properly prepared for market, priced correctly to the current market within your subdivision/location and professionally photographed and marketed, have a higher percentage of selling close to or over the sales price.

 

 

Market Profile

Charts Courtesy of Greystone Title Agency

 

 

 

Are you Relocating to the Phoenix Area? Buying a Phoenix home can be a smooth and stress-free process as well as enjoyable! If you are considering a move to Phoenix our team would be honored to represent you as your Exclusive Buyers Agent. Anna 'Banan' Kruchten is the Owner and Broker of the Phoenix Property Shoppe and is among the top 3% of REALTORS nationwide. Her knowledge, experience and integrity will skillfully guide you through the home buying process and beyond.

 

Check out more blog posts of Anna Banana's to ponder!

 

The Sky is Falling The Sky is Falling

 

Writing a Successful Offer in a Hot Market

 

 

 

Phoenix Market Update October 17 2019

 

 

Phoenix Property Shoppe
  

 

 

Anna "Banana" Kruchten
Designated Broker & Owner
CRB, GRI, CNE, WLS


Phoenix Homes For Sale

 

Connect with me also on these sites!

 

    Anna Banana Kruchten Google+Anna Kruchten LinkedinAnna Banana Kruchten on GoogleAnna Banana Kruchten of Active Rain

 

 

 

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Phoenix Market Update October 17 2019
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