Homie’s Arizona Housing Market Update September 2020
The real estate market in the greater Phoenix metro area is booming. Prices continue to rise and homes continue to sell faster and faster. Here’s your monthly update on what’s happening. Monthly Sales According to data from the ARMLS® from September 1, 2020 to September 30, 2020 the Phoenix metro area saw 9,305 total sales in the month of September. This is a +4.8% from the previous month. Looking at the year-over-year comparison, the jump is even higher. September 2020’s monthly sales are +18.5% higher than monthly sales in September 2019. Data via ARMLS® September 2020. List Price September list prices saw a +11.1% year-over-year increase, landing at $458.8K. At 335K, an +11.7% increase from September 2019, median list prices are also high. Data via ARMLS® September 2020. Sale Price At $410.9K, sale prices are rising. This is a +23.1% increase from last September and a +3% increase from August of this year. At $329K, median sale prices also rose with +17.5% in...