Phoenix – July 2020 – Single-Family Detached
• Highest median sold price ever
• Highest number of houses sold ever
If you know anyone who predicted in March that this would happen, please let me know. I didn’t.
Last week was more of Phase 3 of the COVID-19 real estate market – not up, not down, just more of the same.
For U.S. real estate market analysis,
go to Real Estate Decoded.
New listings have been running a little bit ahead of last year since early July.
No change. Still about HALF of 2019.
The number of single-family houses under contract to buyers increased a little bit after the end-of-month sales rush the week before. I expect houses under contract to return to its slight downward trend next week.
Solds are not quite back down to 2019 levels but I expect we’ll be there by the end of August.
Where do YOU think the market will go after August? Leave a comment.
Tell me in the “Comments” what you think.
This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.
- All My Previous Covid-19 Posts.
- Phoenix Covid-19 Market Graphs (only)
- Long-term Phoenix real estate market graphs.
Note. This post was written on Augest 9, 2020 but the graphs will be continually updated.