Current Phoenix Real Estate Inventory

Phoenix Real Estate Stats

Currently valleywide we are looking at about just under 7 months supply of homes available for sale. A healthy market here in Phoenix would be closer to the 3 month supply mark.

Here are some stats for geographic areas:

Scottsdale — 11 month supply
Camelback Corridor — 10.5 month supply
Cave Creek — 10 month supply
Fountain Hills — 13 month supply
Paradise Valley — 20 month supply

Luxury Homes priced at 1 million and above are showing an over 27 month supply. 92% of Phoenix’s home sales are under the $400,000 price point and we feel this will continue in the future.

Related posts:

1. Arizona Real Estate market supply of homes varies greatly
2. Phoenix Arizona Real Estate Market Changing….For the Better?
3. Paradise Valley Real Estate still dropping..
4. Arizona Supply of Homes
5. Phoenix Real Estate Stats – Current market conditions