Phoenix Area Real Estate Market Remains Strong

According the the June 2016 Arizona Regional Multiple Listing Service (ARMLS) market report, the Phoenix Area real estate market remains strong.

In June 2016 there were 8,861 sold homes compared to 8,674 in 2015 and we have sold just over 45,000 homes in the first six months of the year. Last year ARMLS reported 84,249 total sales.

The Average Price Per Month was $282,624 up slightly from $282,044 and was higher than the $270,980 reported one year ago.

The Median Sale Price Per Month was $230,000 up from $225,700 last month and up from $214,900 back in June 2015.

The Average Days On Market was 76 down slightly from 78 last year and 77 last month.

Overall the Phoenix Area Real Estate market is keeping up pace with last year and is still heading up.

ARMLS June 2016 Average Sales Price Per Month