Phoenix Housing Market Predictions
Here’s a look at the Phoenix Real Estate Market Report for August 2018. According to recent reports, buyers in the Phoenix area are still in a positive position when it comes to interest rates and purchasing a home. What’s in store for sellers? Let’s take a look a closer look at Phoenix market trends.
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From July of 2017 to July of 2018, the median price range for homes in Phoenix increased by 9.5 percent.
August started with a total of 8,533 homes sold in the Phoenix area. This number shows a 6.3 percent increase from this time last year. The median sale price of houses sold in Phoenix during the month of July was $265,000. This amount shows an increase of 9.5 percent from July 2017. READ MORE HERE!
At the end of July, there were 15,686 homes listed with no offer. This number is down by 0.5 percent from this time last year. There were 9,384 listings under contract in Phoenix. This number shows a decrease of 7.6 percent from July 2017.
Phoenix Market Reports from 2018