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April 2019 Real Estate Market Update!

The recording counts for Maricopa County show that in March 2019, closings were down 13% compared with March 2018. However, at 9,846 they were 2% higher than March 2016. New home sales were down 15% year over year while re-sales were down 12%. This relative weakness in new home closings has reversed the situation from the previous 3 months

The growth in listings under contract has been quite remarkable over the past few weeks though. We can see that we started the year a long way behind 2018 but last Saturday we had caught up.
As of today we can see 13,215 listings under contract – and on April 17, 2018 there were 13,070.

That is probably worth repeating – we now have MORE listings under contract than we did at this time last year.

🏡 Average Sold Price is UP ⬆️7% at $341K

🏡 Average Sold Price Per Sq Ft is UP ⬆️3% at $166

🏡 Homes Sales are DOWN ⬇️ 12 % at 8,502 (on MLS for March 19)

🏡 Average Days on The Market is 67 Days

MLS ACTIVE INVENTORY IS 18,269 as of April 18 – 2 MONTHS OF SUPPLY

If you would like to know the specific averages ($) of the houses in those areas, you have 2 options:

1) Contact Alan directly at (602) 845-0947

2) Visit Alan’s website for a Quick Price Analysis of your home!

If you would like any additional information on the real estate
market, or if you’re wondering what your home is worth, reach out and contact Alan today.

Alan and his Team is always available to answer your questions. No question is too small!

>>Get a Quick Price Analysis of Your Home

>>Search ALL Homes on MLS