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Arizona Housing Market Update September 2020 | REVINRE


Keep up to date with the latest trends in real estate to make sure you get the most of of your home.

Arizona Housing Market Update September 2020


Arizona Housing Market Update September 2020

As September has come and gone, more monthly records have broken with it. This includes the highest median sales price ever reported, the highest average sales price ever reported, and the highest sales volume for any September. These remarkable sales are likely to continue throughout October as well.

Here’s what you need to know:

Market Snapshot

According to ARMLS data from September 1 to September 31, 2020, monthly sales are up a resounding 18.5% from last year.


New inventory is also on the rise - up over 11% compared to 2019. The rise in inventory these past few months will help with the increased demand the Phoenix market has seen. Yet, home prices have continued to rise, up 1.54% from last month.

List vs. Sales Price

List and sales prices have continued to rise year-over-year.

Days on Market (DOM)

On average, homes are on the market 13 days less year-over-year.

Sell your home with REVINRE to save!

If you’re selling your home in Arizona, and don’t want to pay thousands in listing commissions, you’ve come to the right place.

Contact us at 602-562-7222 or visit our website here to get started today!

By REVINRE On October 19th, 2020