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.

See related posts here.

  • Mouse-over the green line to see details.
  • Right below the graph, you can select which years show.

With New Listings

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

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
&
Median Price of Homes Sold

Months Supply
&
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
&
Median Price of Homes Sold

Sold-Listings to New-Listings Ratio
&
Homes for Sale

Sold-Listings to New-Listings Ratio
&
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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