Best single graph of Phoenix real estate

In one graph you see the most important trends driving home prices and home sales in the metro Phoenix, Arizona real estate market.

Related posts here.

Mouse-over the green line to see details.

With Phoenix New Listings

New listings are big part of the story so I included them in this graph.

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Inflation-Adjusted Phoenix Home Prices

NEW – 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
&
Median Price of Homes Sold

Months Supply
&
Homes for Sale

NEW – Sold Listings to New Listings

This is a common metric in Canada and Australia (called “Sales to New Listings”) but we don’t use it much or at all in the U.S. We focus on Months Supply (above) instead.

  • “Months Supply” compares the number of homes sold recently via the MLS (recent demand) to the total number of homes listed for sale on the MLS (total supply)
  • “Sold Listings to New Listings” compares the number of homes sold recently via the MLS (recent demand) to the number of homes that have been recently listed for sale on the MLS (recent supply).

Both metrics move together as you’ll see below but “Sold Listings to New Listings” sometimes moves before “Months Supply” moves.

Sold Listings to New Listings
&
Median Price of Homes Sold

Sold Listings to New Listings
&
Homes for Sale

Months Supply
&
Sold Listings to New Listings


Note: I update all these graphs each month with data from the Arizona Regional Multiple Listing Service which is the Phoenix area MLS.

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