Metro Phoenix Area Monthly Market Update
Lacey Lehman
2021 was quite the year!
Between August 2020 and August 2021, home prices across the United States rose to record levels, with the U.S. housing market rising to a record of 19.9%.
2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.
Our monthly market update showcases everything you need to know about Metro Phoenix Area real estate trends as we head into the new year. Take a look at all of the stats for December 2021 below.
Monthly Market Update
0.6 Months of Supply
We're in a seller's market.
5,732
New Listings
8,904
Closed Sales
9,476
Under Contract
11
Average Days on Market
$425,000
Average Sales Price
$267.75
Average Price per Square Foot
Curious about how your home's value changed in 2021?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.