Phoenix Housing Market Stats for March, 2016

March Stats 2016

We have had a 47.1% increase in sales in March 2016 over February 2016.

The supply of inventory for February 2016 was 4.79 months.  In March 2016 we have dropped to 3.29 months supply.  Below 6 months supply is a seller’s market and above 6 months supply is a buyer’s market.

Average list price is up 4.6% since last year average listing price is $347,500.

Last year average sales price was $256,500 and this year so far is $267,700.

Average days on market for the month of March is 81 days.

If you are thinking of selling please contact Michelle Quackenbush with RE/MAX Premier Properties cell phone  602-999-2627.

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