Video: Real Estate Community Tour for 85012 (Phoenix, AZ)
See Real estate community tour for 85012 (Phoenix, AZ)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was stable from one year earlier, and did not change from the previous month. … indicating virtually no change in the local inventory levels. As you can see, the median listing price for the month was just under 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 440-thousand dollars. The number of units sold increased 71% year-over-year, and increased 85% 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.