Phoenix Housing Market Report – September 2015

This report covers single family homes in the Phoenix Metro housing market for September 2015. The data is divided into 26 different measurements and compared to the previous month.

As you can see from the graphic below the red arrows are almost evenly divided with the green arrows. Red arrows don’t necessarily indicate a large negative move and green arrows don’t always indicate a substantial positive turn in the marketplace. They need to be evaluated in comparison to other categories to get an accurate picture of the current marketplace and overall the Phoenix Housing Market had a pretty good September.

Phoenix Housing Market Report September 2015 by Nancy Laswick

While the numbers won’t have buyers or sellers jumping up and down the Phoenix Real Estate Market had more good news than bad news in September.

What do the numbers mean for buyers and sellers?

If you’re considering listing your Phoenix home for sale in the next few months think about listing it now. Your competition for qualified buyers is low and will probably remain low throughout the remainder of the year.

If you’re considering buying a home in the Phoenix Metro area do it before the end of the year, while inventory is low compared to a normal market there are some great deals to be had in almost every price tier and as you can see homes in the Valley of the Sun continue to appreciate.

Interest rates remain at historically low levels which is good news for both sellers and buyers. Low interest rates mean Buyers can afford more home for their money and sellers have a larger pool of buyers to market their home to.

-Click Here To Search Homes For Sale In Phoenix –

-Click Here To Find Out What Your Home Is Worth In Today’s Market-

 

How to interpret the data contained in this graphic:

Active Listings means the number of Multiple Listing Service (MLS) listings active on the date in question.

UCB Listings formerly known as AWC listings, means listings that are marked active but are under contract and are still actively soliciting backup offers.

Active Listings Excluding UCB means the number of MLS active listings on the date in question, excluding any listings that are under contract and accepting back-up offers.

Pending Listings means the number of MLS listings under pending contract where escrow has not yet closed.

Listings Under Contract means a listing that has accepted a contract but, for whatever reason, has yet to go pending.

Sales per Month  means the number of sales which closed this month*. This month means the period which starts with today’s date last month and ends at midnight yesterday.

Sales per Year means the number of sales which closed this year*. This year means the period which starts with today’s date last year and ends at midnight yesterday.

Days on Market – Monthly Sales means the average cumulative days on market for sales which closed this month*.

Days on Market – Active Listings is the average cumulative days on market for all active listings.

Days Inventory indicates how many days it would take to sell all the active listings, assuming no new listings became active.

Months Supply indicates how many months it would take to sell all the active listings if they were to sell at the rate implied by Sales per Month.

Active Listings $/SF is the average list price per square foot for all active listings. It is the true average list price of all the square feet of living space represented by the active listings.

Pending Listings $/SF is the average list price per square foot for pending listings. It is the true average list price of all the square feet of living space represented by the pending listings.

Monthly Sales $/SF means the average sale price per square foot for homes sold this month*. It is the true average sale price of all the square feet of living space represented by the homes included in monthly sales.

Annual Sales $/SF means the average sale price per square foot for homes sold this year. It is the true average sale price of all the square feet of living space represented by the homes included in annual sales.

Appreciation – Monthly $/SF compares the Monthly Sales $/SF for today with that for the same date last year.

Appreciation – Annual $/SF compares the Annual Sales $/SF for today with that for the same date last year.

Appreciation – Monthly Median $ compares the Median Price – Monthly Sales for today with that for the same date last year.

Appreciation – Annual Median $ compares the Median Price – Annual Sales for today with that for the same date last year.

Appreciation – Long Term compares the Annual Sales $/SF for today with that for January 1, 2001 and determines the annual appreciation rate between the two.

Average Sale Price % List compares the average sale price and average final list price for homes sold this month. It shows how close the final sales price was to the list price that was in effect at the time the listing closed.

Annual Growth in Sales per Month means the percentage difference between Sales Per Month today versus the same date last year.

Annual Growth in Pending Listings means the percentage difference between Pending Listings today versus the same date last year.

Listing Success Rate is the percentage of listings that closed with a sale rather than expiring or being canceled. It compares the number of listings sold this month with the number of listings that were sold, expired or canceled in the same period.

 

If you are interested in buying or selling a home in Phoenix

 I offer a Free Personalized Market Report.

As an informed buyer or seller you’ll make better decisions.

 E-mail Nancy@NancyLaswick.com or call (602) 793-1627

 

Visit my NorthPhoenix-Homes.net website and Sign up for

Automatic Listing Alerts to find your Dream Home or Condominium.

Find Me On Google +

All content in this post is protected by copyright. © Nancy Laswick 2015. All Rights Reserved.

All Information Deemed Reliable But Not Guaranteed.