Phoenix Real Estate Update: 3/29/12
The following stats are sourced from the Arizona Regional Multiple Listing Service (ARMLS) as of today, 3/29/12.
The data includes residential properties (houses, patio homes, town homes, and patio homes). It excludes land, multi-family properties (2+ units), commercial properties, mobile homes, and timeshares.
The search area covers a 40-mile radius centered on Phoenix Sky Harbor Airport, creating a circle with an 80-mile diameter.
Total Active Inventory: 11,627 units
Single Family Homes: 9,496 units
Patio Homes: 276 units
Condos/Town Homes/Other: 1,853 units
Total AWC/Pending Inventory: 20,011
Single Family Homes: 17,472 units
Patio Homes: 249 units
Condos/Town Homes/Other: 2,293 units
Trailing 30-Day Sales Data
Total Sales: 7,482 units
Single Family Homes: 6,335
Patio Homes: 133
Condos/Town Homes/Other: 1,014
Average Sales Price: $184,455
Median Sales Price: $131,000
If you have any questions about these stats or about the Greater Phoenix real estate market in general, feel free to post them below.