Tempe AZ Housing Market Update August 2015
August 2015 Tempe AZ Real Estate Market Highlight:
- Active listing (Inventory) had Increased 40.0% from July 2015
- August 2015 Average Sold Price was $287,769 and had Decreased 0.7% from July 2015
- August 2015 Median Sold Price was $259,900 and had Increased 6.1% from July 2015
- 98% of Single Family Detached Homes sold are Traditional Sale
- Most expensive home sold in August 2015 in Tempe was sold for $915,000 Click here to view
Here are Tempe AZ Real Estate Single Family Detached Home statistics for August 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 19.9% decrease in the number of closed sales in August 2015 compared to the prior month. The statistics show that we had 121 residential Single Family Detached Homes sold in August 2015 in Tempe AZ compared to 151 in July 2015. This compares to 129 closed sales in August of last year.
Based on statistic data, August 2015 Days on Market (DOM) is 50 compare to 58 in July, this is about 13.8% decrease. It took about 50 days to get your home sold in Tempe AZ in August 2015.
Average Sold Price Analysis:
August 2015 Average Sold Price for Single Family Detached Homes in Tempe AZ is $287,769. This Average Sold Price had increased 0.7% from July 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.
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.
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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 todays market.
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