Real Estate Market Update | Metro Phoenix | November 2023 vs October 202

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Metro Phoenix

Average Sales Price: October 2023 - $1,051,570 vs November 2023 - $958,526 = 9% decrease
Average Days On Market: October 2023 - 56 vs November 2023 - 49 = 13% decrease
Average Sale Price Per Square Foot: October 2023 - $380 vs November 2023 - $373 = 2% decrease
Sale to List Price Ratio: October 2023 - 97.21% vs November 2023 - 97.92%
= 1% increase
Number of Sold Listings: October 2023 - 420 vs November 2023 - 303
= 28% decrease
Months Supply of Inventory: October 2023 - 4.16 vs November 2023 - 5.65
= 36% increase
Mortgage Rate: October 2023 - 8.01% vs November 2023 - 7.41%
= 7% decrease


Top 10 Sales

$8,361,367 6163 N 61st Pl, Paradise Valley
$7,995,000 3825 E Berridge Ln, Paradise Valley
$5,250,000 9834 N 61st Pl, Paradise Valley
$4,200,000 6522 N 61st Pl, Paradise Valley
$4,200,000 7024 N Longlook Rd, Paradise Valley
$3,600,000 6336 E Gold Dust Ave, Paradise Valley
$3,600,000 4425 N 38th St, Phoenix
$3,500,000 4010 E San Miguel Ave, Phoenix
$3,462,000 4605 E Palomino Rd, Phoenix
$3,400,000 4748 E White Dr, Paradise Valley

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