The Greater PHX Area Real Estate Market Snapshot For October 2020 Is Here!

And we're once again back to crunch the numbers generated by the Greater Phoenix Area Real Estate Market for the past month. The number of homes for sale continue to steadily rise with 10,739 new inventory and 7,642 active listings posted for October 2020, up from the 10,290 properties and 7,454 listings seen in September 2020. Conversely, listings spend lesser time on the market with an average of 40 days with supply expected to last 0.81 month in October 2020 versus September 2020's figures of 42 days and 0.83 month.

Going back to what else went up, successful homesellers this past month were fortunate to be part of the 9,481 closings selling at $429,271 average sales price; the prior month had 9,105 properties sold at an average of $411,407. Definitely good figures when you consider that listing success rate went down from 87.5% to 86.1% and sold to list price ratio from 99.0% to 98.6%, and serving as that extra push you need to get off the fence of selling your home while the market still has this good a momentum.

And yes, we're glossing over the numbers from September 2019 because come on now, would you want to be anywhere but now while we're enjoying these phenonemal sales figures month in and month out? Take that as your cue then to reach out to us at 480-415-7616 so we can tell you how we can increase your chances of getting your home sold fast and for top dollar!

The Greater PHX Area Real Estate Market Snapshot For October 2020 Is Here!