Best single graph of the Phoenix market. In one graph you see the most important trends driving home prices and home sales in the metro Phoenix, Arizona real estate market.
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- Mouse-over the green line to see details.
- Right below the graph, you can select which years show.
With New Listings
New listings are
Mouse-over the green line to see a LOT more details.
Inflation-Adjusted Phoenix Home Prices
Months Supply of Phoenix Homes for Sale
Months Supply = Number of homes (single-family detached) listed for sale in the MLS in the middle of the month divided by the number of homes (SFD) sold in that month.
Months Supply
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Median Price of Homes Sold
Months Supply
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Homes for Sale
Sold-Listings to New-Listings Ratio
This is a common metric in Canada and Australia (which I call the “Sold-Listings to New-Listings Ratio”) but we don’t use it much or at all in the U.S. We focus on Months Supply (above) instead.
- Months Supply = Number of homes (SFD) sold via the MLS that month / Total number of homes (SFD) listed for sale on the MLS that month.
- Sold-Listings to New-Listings Ratio = Number of homes (SFD & condos) sold via the MLS (last 3 months) / Number of homes (all) NEWLY listed for sale on the MLS (last 3 months). Shown as a percentage.
Both metrics move together as you’ll see below but sometimes “Sold-Listings to New-Listings Ratio” moves before “Months Supply” which sometimes makes it a better leading indicator.
Sold-Listings to New-Listings Ratio
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Median Price of Homes Sold
Sold-Listings to New-Listings Ratio
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Homes for Sale
Sold-Listings to New-Listings Ratio
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Months Supply
Note: I update all these graphs each month with data from the Arizona Regional Multiple Listing Service which is the Phoenix area MLS.
More Phoenix Real Estate Market Graphs
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