Tempe AZ Housing Market Trends July 2015
July 2015 Tempe AZ Real Estate Market Highlight:
- Active listing (Inventory) has Decreased 28.0% from June 2015
- Average Sold Price has Decreased 1.1% from June 2015
- Median Sold Price has Decreased 3.9% from June 2015
- 96% of Single Family Detached Homes sold are Traditional Sale
- Most expensive home sold in July 2015 in Tempe was sold for $1,100,000 Click here to view
Here are Tempe AZ Real Estate – Single Family Detached Home statistics for July 2015. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Tempe AZ provided by the FlexMLS system.
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Closed Sales Report Analysis:
We saw a 8.6% increase in the number of closed sales in July 2015 compared to the prior month. The statistics show that we had 151 residential Single Family Detached Homes sold in July 2015 in Tempe AZ compared to 139 in June 2015. This compares to 129 closed sales in July of last year. In today’s market sellers need to continue to be diligent in pricing when putting their homes on market for sale.
Based on statistic data, July 2015 Days on Market (DOM) is 58 compare to 64 in June. This is about 9.4% decrease and to take about 58 days to get your home sold in Tempe AZ.
Average Sold Price Analysis:
July 2015 Average Sold Price for Single Family Detached Homes in Tempe AZ is $285,669. This Average Sold Price has decreased 1.1% from June 2015.
As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.
Selling Your Home in Tempe, AZ?
Contact Us or call Swee Ng, Tempe Real Estate Agent at 480.721.6253 today to discuss your potential Tempe AZ House Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your Home is worth at today’s market.
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If you are looking to buy or sell your home in Tempe AZ area, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.
