Tempe AZ November 2015 Housing Market Trends

Tempe AZ Real Estate November 2015 Market Highlight:

• Active listing (Inventory) has Decreased 5.0% from October 2015
• Tempe AZ November 2015 Average Sold Price was $296,698 and has Increased 7.4% from October 2015
• Median Sold Price in November 2015 was $265,000 and has Increased 9.1% from October 2015
• 96% of Single Family Detached Homes sold are Traditional Sale
• Most expensive home sold in November 2015 in Tempe was sold for $825,000 Click here to view

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Here are Tempe AZ Real Estate – Single Family Detached Home statistics for November 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.

Tempe AZ November 2015 Closed Sales Report Analysis:
We saw a 10.0% decrease in the number of closed sales in November 2015 compared to the prior month. The statistics show that we had 81 residential Single Family Detached Homes sold in November 2015 in Tempe AZ compared to 90 in October 2015. This compares to 68 closed sales in November 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, November 2015 Days on Market (DOM) is 53 compare to 50 in October. It take about 53 days to get your Tempe AZ home sold in November 2015.

Tempe AZ November 2015 Average Sold Price Analysis:
Average Sold Price for Single Family Detached Homes in November was $296,698. This Average Sold Price has increased 7.4% from October 2015.

November 2015 Tempe AZ Median Sold Price Analysis
November 2015 Median Sold Price for Single Family Detached Homes in Tempe AZ was $265,000. This median sold price is 9.1% increased from Octoer 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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