Phoenix AZ Ahwatukee 85048 Market Updated

As a seller in the current real estate market, it is essential to understand the correlation between various critical metrics to make informed decisions. 

First, let's look at the monthly supply of Inventory, which is currently at 2.8. This indicates a low supply of homes on the market relative to the demand from buyers. This can create a competitive seller environment, potentially leading to quicker sales and higher prices.

However, it is essential to note that the 12-month Change in Months of Inventory has increased by +33.97%. This suggests that the market may be shifting towards a more balanced supply and demand dynamic, which could impact pricing and the speed of sales in the future.

The Median Days Homes On the Market is 58, indicating that homes are selling relatively quickly in this market. This is likely due to the low inventory levels and high buyer demand.

The List to Sold Price Percentage is 97.3%, showing that homes are selling close to their listing price. This can be a positive sign for sellers, suggesting buyers are willing to pay close to asking prices.

Lastly, the Median Sold Price is $552,500, indicating the average price at which homes sell. This can be a valuable benchmark for sellers to understand the potential value of their property.

Overall, the data suggests that sellers in this market may benefit from a low supply of inventory, quick sales, and strong pricing. However, staying informed about market trends and adapting to any supply and demand dynamics shifts is essential.