Phoenix luxury real estate market is a cool buyers market compared to the national market, which is a much colder buyer’s market according to the Altos Market Action Index. This index is for the general market, so keep in mind different local areas and subdivisions may differ.
The median price for Phoenix is $1,116,301 while the median price nationally is $1,627,511.
Average List price with Average Inventory of Luxury Homes in Phoenix
Days on market with Price reductions up to 90% of Original list price
Phoenix Luxury Market compared to National Luxury Home Market
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This week the markets with no changes in the Altos Market Action Index are Atlanta, Baltimore, Detroit, Honolulu, Miami, Orlando, Phoenix, Sacramento, San Diego and San Francisco.