Video summary
Phoenix Real Estate Update June 2024
Main summary
Key takeaways
The June 2024 Phoenix real estate market update from Remax shows:
- An increase in active listings by 67% from the previous year and 10% from the previous month
- The median listing price was just under $500,000
- units spending 133% fewer days on the market before being sold compared to last year
- The median sale price was $450,000
- A 9% decrease in units sold year-over-year but a 9% increase month-over-month
- Positive trend in the local inventory turnover rate
- Positive momentum in monthly sales despite a slight annual decrease
Main Points
- Increase in active listings
- Median listing and sale prices
- Decrease in days units spent on the market
- monthly sales trends
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