Video: Real Estate Community Tour for 85012 (Phoenix, AZ)
See Real estate community tour for 85012 (Phoenix, AZ)
Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 3% from one year earlier, and down 13% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month. Compared to last year, the average number of days units spent on the market before being sold was down 23%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 540-thousand dollars. The number of units sold decreased 13% year-over-year, and increased 63% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.