Video: Real Estate Community Tour for 85004 (Phoenix, AZ)
See Real estate community tour for 85004 (Phoenix, AZ)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 10% from one year earlier, and down 2% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 350-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 53%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 280-thousand dollars. The number of units sold increased 44% year-over-year, and increased 86% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.