"In September, home prices rose slightly from the month before, with a median listing price of $475,000. The number of listings on the market shrank 1.2% from last month, which is a bigger decrease than normal for this time of the year in Phoenix, and homes are also selling slower than at the same time last year. Home prices in Phoenix"
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Valley of the Sun are outpacing the national market. Phoenix inventory In September, there were 3,411 homes for sale in Phoenix, which was 1.2% less than the month before and 24.0% more than the same time last year."
"Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. The number of new listings in Phoenix was 1,324, which was 6.1% more than the month before and 1.9% less than the same time last year. Nationally, the number of new listings fell by 1.8% from last month to 394,878. Time on market Homes in Phoenix take an average of 66 days to sell, according to September figures."
In September the Phoenix median listing price was $475,000, a slight monthly increase. Listings on the market fell 1.2% from the prior month but were 24.0% higher than the same time last year, with 3,411 homes available. Price per square foot in Phoenix rose 0.4% month‑over‑month while the national price per square foot declined 0.8%, showing stronger local price momentum. New listings in Phoenix totaled 1,324 (up 6.1% from the prior month, down 1.9% year‑over‑year) while national new listings fell 1.8%. Average time on market in Phoenix was 66 days versus 62 days nationally.
Read at SFGATE
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