Data for the Phoenix/Maricopa County area real estate market indicates that we have entered our seasonal holiday slowdown. The number of new listings and sales for September dropped slightly, which is to be expected this time of year. We anticipate that this slight cooling trend will continue through the end of the year.
When we compare September 2017 with September 2016, we see that the real estate market continues to grow.
September 2017 new listings, 8,436 versus 8,563 in August 2017 and 8,775 in September 2016.
September 2017 active listings, 16,891 versus 15,750 in August 2017 and 17,965 in September 2016.
September 2017 sold listings, 6,530 versus 7,252 August 2017 and 6,565 in September 2016.
September 2017 average sale price $ 305,061 versus $ 309,155 in August 2017 and $ 291,813 in September 2016.
** Data provided by ARMLS and is not guaranteed as accurate by ARMLS.