Phoenix and ARMLS Market Update As a reminder with all real estate numbers, real estate is a MICRO game, but the numbers that we present in this blog and other sources are MACRO numbers. If you want to know specifics about your city, neighborhood or house, be sure to contact us directly so we can drill down and see what is really happening for you. Remember, the TV, newspaper and other sources are looking for stories and won’t necessarily be looking at our specific real estate market. Market Factoids Year To Date (October 2018): Supply: 2.9 months of inventory Active Listings Days on Market: 95 Closed Listings Days on Market: 62 Active Listings Price Per Square Foot: $214.91 Sold Listings Price Per Square Foot: $162.15 Average Sold Price: $324,113 Median Sold Price: $260,000 What do these numbers mean to you? We are starting to see a shift in the market, longer days on market and a bigger spread between the list price and the sold price. ...