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Tempe AZ Real Estate Housing Market Report - January 2023

2/19/2023

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Tempe AZ Real Estate Housing Market Report - January 2023

After slightly increasing last month the average sales price of Tempe homes decreased to begin 2023, going from $539,099 in December to $521,542 this month. This is the first January that Tempe average home prices have decreased since before at least 2019.

The average sold price per square foot of Tempe homes saw a nice increase in January, after decreasing the last two months, going from $270/sf in December to $278/sf in January.
 
After Tempe days on market reached an all-time low of 20 in May and June, it has increased 7 months in a row. Tempe DOM increased to 66 in January. Even with this increase, homes in Tempe are still selling reasonably fast. However, sales should slow down early in the new year, which is the slowest time of the year for the Arizona housing market.
Tempe AZ homes for sale
After increasing last month to end 2022, Tempe home sales decreased to start the new year. Home sales in Tempe decreased from 70 in December to 64 in January. This is the third straight year Tempe home sales have decreased in January. With this decrease, Tempe home sales are now -41.8% lower than they were in January of 2022. This is the lowest selling January for Tempe home sales in the last five years.

New listings in Tempe have either decreased or remained the same the entire second half of 2022, going from 189 in June down to 54 in December. However, the number of new Tempe listings increased to start off 2023, going from 54 last month to 57 in January. New listings in Tempe are lower than they have been in January of the previous five years, and they are now -42.4% lower than in January of 2022.

After increasing for five straight months, the number of active listings decreased the last 4 months. Active listings have gone from 288 in September to 186 to start the new year. Even with the decline, the number of active listings in Tempe are greater than they were in January of last year by 36.8%.
 
Home prices are on a downward trend, home inventory is decreasing, and fewer homes are selling. We are also entering the slowest part of the housing season, which always impacts sales.
 

Median home values in Tempe have actually decreased an average of -7.4% since January of 2022. With interest rates hovering around 6.5%, there will be a slowing of home sales and increasing of inventory early in the new year as the market shifts.
​
>>Click Here To See All Current Tempe Arizona Homes For Sale<<

​For more detailed stats on the 
Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Tempe real estate housing report
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Tempe AZ
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others."

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Tempe homes for sale
Real estate in Tempe for sale
Homes for sale in Tempe Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Tempe real estate
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Tempe AZ Real Estate Housing Market Report - December 2022

1/12/2023

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Tempe AZ Real Estate Housing Market Report - December 2022

After decreasing for four straight months the average sales price of Tempe homes barely increased to end 2022, going from $538,715 in November to $539,099 this month. This is the third December that Tempe average home prices have increased.

The average sold price per square foot of Tempe homes saw a nice little increase in December, going from $271/sf in November to $275/sf in December. This is the third out of the last four months that there has been an increase, but the overall trend over the last six months is still downward.
 
After Tempe days on market reached an all-time low of 20 in May and June, it has increased six months in a row. Tempe DOM increased to 65 in December. Even with this increase to 65 DOM, homes in Tempe are still selling reasonably fast. However, sales should slow down as we enter the new year, which is the slowest time of the year for the Arizona housing market.
Tempe AZ homes for sale | Troy Erickson Realtor
After decreasing for three straight months, Tempe home sales has increased in the final month of 2022. Home sales in Tempe increased from 53 in November to 70 in December. This is the third straight year Tempe home sales has increased to end the year. With this increase, Tempe home sales are now -45.3% lower than they were in December of 2021. This is the lowest selling month for Tempe home sales in the last five years.
 
The number of new Tempe listings had increased each month in 2022 through June, going from 99 in January to 189 in June (almost doubling). Since then, new listings in Tempe have either decreased or remained the same over the last six months, going from 189 in June down to 53 in December. New listings in Tempe are now lower than they have been in December of the previous five years, and they are now -46.5% lower than in December of 2021.

After increasing for five straight months, the number of active listings decreased the last three months. Active listings have gone from 288 in September to 203 to end the year. The number of active listings in Tempe are now greater than they were in December of last year by 21.6%.
 
Home prices are on a downward trend, home inventory is decreasing, and fewer homes are selling. We are also entering the slowest part of the housing season, which always impacts sales.
 

Median home values in Tempe have actually decreased an average of -1.5% since December of 2021. With interest rates hovering around 6.5%, there will be a slowing of home sales and increasing of inventory as the market shifts and we head into 2023.
​
>>Click Here To See All Current Tempe Arizona Homes For Sale<<

​For more detailed stats on the 
Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Tempe real estate housing report - December 2022
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Tempe, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Tempe homes for sale
Real estate in Tempe for sale
Homes for sale in Tempe Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Contact Troy Erickson Realtor | HomeSmart
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Tempe AZ Real Estate Housing Market Report - November 2022

12/14/2022

0 Comments

 

Tempe AZ Real Estate Housing Market Report - November 2022

The average sales price of Tempe homes has decreased for the fourth straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices have dropped since then to $538,715 in November.

The average sold price per square foot of Tempe homes decreased in November after increasing the previous two months, going from $304/sf in October to $271/sf in November.
 
After Tempe days on market reached an all-time low of 20 in May and June, it has increased five months in a row. Tempe DOM increased to 52 in November. Even with this increase to 52 DOM, homes in Tempe are still selling fast, but sales should slow down as the winter is traditionally the slowest time for the Arizona housing market.
Tempe AZ homes for sale | Troy Erickson Realtor
After increasing in August, Tempe home sales has decreased the last three months. Home sales in Tempe decreased from 88 in August to 53 in November. With this decrease, Tempe home sales are now -53.9% lower than in November of 2021. This is the lowest selling month for Tempe home sales in the last five years.
 
The number of new Tempe listings had increased each month in 2022 through June, going from 99 in January to 189 in June (almost doubling). Since then, new listings in Tempe have either decreased or remained the same over the last five months, going from 189 in June down to 85 in November. New listings in Tempe are now lower than they have been in November of the previous four years, and they are now -28.6% lower than in November of 2021.

After increasing for five straight months, the number of active listings decreased the last two months. Active listings have gone from 288 in September to 238 in November. The number of active listings in Tempe are now greater than they were in November of last year by 16.7%.
 
With home prices decreasing, inventory is also slowing down, and fewer homes are selling. We are also entering the slower part of the housing season, which always impacts sales.
 

Median home values in Tempe have actually decreased an average of -0.3% since November of 2021. With interest rates hovering around 6.5%, there will be a slowing of home sales and increasing of inventory as the market shifts and we head into the winter.

>>Click Here To See All Current Tempe Arizona Homes For Sale<<

​For more detailed stats on the Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Tempe real estate housing report - November 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Tempe, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Tempe homes for sale
Real estate in Tempe for sale
Homes for sale in Tempe Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Tempe real estate | Troy Erickson Realtor | HomeSmart
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Tempe AZ Real Estate Housing Market Report - October 2022

11/20/2022

0 Comments

 

Tempe AZ Real Estate Housing Market Report - October 2022

The average sales price of Tempe homes has decreased for the third straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $551,037 in October.

The average sold price per square foot of Tempe homes increased for the second straight month after decreasing for three straight months, increasing from $301/sf in September to $304/sf in October.
 
After Tempe days on market reached an all-time low of 20 in May and June, it has now increased four months in a row. Tempe DOM increased to 48 in October. Even with this increase to 48 DOM, homes in Tempe are still selling fast, but sales should slow down as the fall and winter are traditionally slower times for the Arizona housing market.
Tempe AZ homes for sale | Troy Erickson Realtor
After increasing in August, Tempe home sales has decreased the last two months. Home sales in Tempe decreased from 88 in August to 75 in October. With this decrease, Tempe home sales are now -47.9% lower than in October of 2021. This is the second lowest selling month for Tempe home sales in the last four years, with July of this year being the lowest.
 
The number of new Tempe listings had increased each month in 2022 through June, going from 99 in January to 189 in June (almost doubling). Since then, new listings in Tempe decreased three months in a row, going from 189 in June down to 91 in September, with October remaining the same as last month at 91. New listings in Tempe are now lower than they have been in October of the previous four years, and they are now -34.5% lower than in October of 2021.

After increasing for five straight months, the number of active listings decreased in October. Active listings have gone from 288 in September to 250 in October. The number of active listings in Tempe are now greater than they were in October of last year by 10.6%.
 
With home inventory increasing, interest rates and inflation rising, demand is slowing, and home prices are starting to decrease. We are also entering the slower part of the housing season, which will impact sales.
 

Median home values in Tempe have increased an average of just 3.1% since October of 2021. With interest rates reaching above 7.0%, there will be a slowing of home sales and increasing of inventory as the market shifts and we head into the winter of 2022.
​
>>Click Here To See All Current Tempe Arizona Homes For Sale<<

​For more detailed stats on the 
Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Tempe real estate housing report - October 2022
​When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Tempe, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Tempe homes for sale
Real estate in Tempe for sale
Homes for sale in Tempe Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Tempe real estate | Troy Erickson Realtor | HomeSmart
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Tempe AZ Real Estate Housing Market Report - September 2022

10/27/2022

0 Comments

 

Tempe AZ Real Estate Housing Market Report - September 2022

The average sales price of Tempe homes has decreased for the second straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $576,891 in September.

The average sold price per square foot of Tempe homes increased this month after decreasing for three straight months, increasing from $300/sf in August to $301/sf in September.
 
After Tempe days on market reached an all-time low of 20 in May and June, it has now increased three months in a row. Tempe DOM increased to 44 in September. Even with this increase to 44 DOM, homes in Tempe are still selling fast, but sales should slow down as the fall and winter are traditionally slower times for the Arizona housing market.
Tempe AZ homes for sale | Troy Erickson Realtor
After increasing last month, Tempe home sales ever-so-slightly decreased in September. Home sales in Tempe decreased from 87 in August to 86 in September. With this decrease, Tempe home sales are now -29.8% lower than in September of 2021. This is the second lowest selling month for Tempe home sales in the last four years, with July of this year being the lowest.
 
The number of new Tempe listings has increased each month in 2022 through June, after going from 99 in January to 189 in June (almost doubling). Since then, new listings in Tempe have decreased three months in a row, going from 189 in June down to 91 in September. New listings in Tempe are now lower than they have been in September of the previous four years, and they are now -42.0% lower than in September of 2021.

The number of active listings increased for the fifth straight month after decreasing for six straight months previously. Active listings have gone from 122 in April to 284 in September. The number of active listings in Tempe are now greater than they were in September of last year by 32.1%.
 
With home inventory increasing, interest rates and inflation rising, demand is slowing, and home prices are starting to decrease. We are also entering the slower part of the housing season, which will impact sales.
 

Median home values in Tempe have increased an average of 8.6% since September of 2021. With interest rates averaging above 6.3%, there will be a slowing of home sales, and increasing of inventory as the market shifts and we head into the fall and winter of 2022.
​
>>Click Here To See All Current Tempe Arizona Homes For Sale<<

​For more detailed stats on the 
Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Tempe real estate housing report - September 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Tempe, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Tempe homes for sale
Real estate in Tempe for sale
Homes for sale in Tempe Arizona

​Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Tempe real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Tempe AZ Real Estate Housing Market Report - August 2022

9/20/2022

0 Comments

 

Tempe AZ Real Estate Housing Market Report - August 2022

The average sales price of Tempe homes finally decreased after increasing for eight straight months and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $590,965 in August.

The average sold price per square foot of Tempe homes decreased for the third straight month, dropping from an all-time high of $330/sf in May to $300/sf in August.
 
After Tempe days on market reached an all-time low of 20 in May and June, it has now increased two months in a row. Tempe DOM increased to 37 in August. Even with this increase to 37 DOM, homes in Tempe are still selling fast.
Tempe AZ homes for sale | Troy Erickson Realtor
After decreasing last month, Tempe home sales increased in August. Home sales in Tempe have increased from 74 in July to 87 in August. With this increase, Tempe home sales are now -36.0% lower than in August of 2021. This is the third lowest selling month for Tempe home sales in the last four years, with last month being the lowest.
 
The number of new Tempe listings has increased each month in 2022 through June. After going from 99 in January to 189 in June (almost doubling), new listings in Tempe have decreased two months in a row, going from 149 in July down to 127 in August. New listings in Tempe are now lower than they have been in August of the previous four years, and they are now -19.6% lower than in August of 2021.

The number of active listings increased for the fourth straight month after decreasing for six straight months previously. Active listings have gone from 122 in April to 274 in August. The number of active listings in Tempe are now greater than they were in August of last year by 43.5%.
 
With home inventory increasing, interest rates and inflation rising, demand is slowing, and home prices are starting to decrease. We are also entering the slower part of the housing season, which will impact sales.
 

Median home values in Tempe have increased an average of 8.5% since August of 2021. With interest rates averaging around 5.5%, there will be a slowing of home sales, and increasing of inventory as the market shifts and we head into the fall of 2022.
​
>>Click Here To See All Current Tempe Arizona Homes For Sale<<
For more detailed stats on the Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Tempe real estate housing report - August 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Tempe, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Tempe homes for sale
Real estate in Tempe for sale
Homes for sale in Tempe Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Tempe real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Tempe AZ Real Estate Housing Market Report - July 2022

8/18/2022

0 Comments

 

Tempe AZ Real Estate Housing Market Report - July 2022

The average sales price of Tempe homes increased for the eighth straight month, moving from $501,611 in November of 2021 to a new all-time high of $627,613 in July.

The average sold price per square foot of Tempe homes decreased for the second straight month, dropping from an all-time high of $330/sf in May to $311/sf in July.
 
After Tempe days on market decreased two months in a row, the DOM increased to 25 in July. Even with this increase to 25 DOM, homes in Tempe are selling faster than they ever have.
Tempe AZ homes for sale | Troy Erickson Realtor
After increasing two straight months, Tempe home sales have decreased in July. Home sales in Tempe have declined from 123 in June to 74 in July. With this decrease, Tempe home sales are now -43.9% lower than in July of 2021. The increase in home prices is finally impacting sales.
 
The number of new Tempe listings has increased each month in 2022 through June. After going from 99 in January to 189 in June, almost doubling, new listings in Tempe decreased to 149 in July. New listings in Tempe are now lower than they have been in July of the previous three years, and they are now -2.0% lower than in July of 2021.

The number of active listings increased for the third straight month after decreasing sixth straight months previously. Active listings have gone from 122 in April to 253 in July. The number of active listings in Tempe are now greater than they were in July of last year by 22.2%.
 
The lack of homes for sale continues to drive demand and home prices higher, but that is changing. Inventory is increasing, and that will have an impact on prices.
 

Median home values in Tempe have increased an average of 22.6% since July of 2021. Even with interest rates averaging around 5.5%, there will still be more buyers looking to purchase a home in Tempe throughout the remainder of 2022.
​
>>Click Here To See All Current Tempe Arizona Homes For Sale<<
​
​For more detailed stats on the Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Tempe real estate housing report - July 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Tempe, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Tempe homes for sale
Real estate in Tempe for sale
 Homes for sale in Tempe Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Tempe real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Tempe AZ Real Estate Housing Market Report - June 2022

7/28/2022

0 Comments

 

Tempe AZ Real Estate Housing Market Report - June 2022

The average sales price of Tempe homes increased for the seventh straight month, moving from $501,611 in November of 2021 to a new all-time high of $615,471 in June.

The average sold price per square foot of Tempe homes decreased for the first time since December of 2021, dropping from an all-time high of $330/sf in May to $322/sf in June.
 
After increasing to 40 days on market in March, Tempe days on market decreased two months in a row. The DOM remained at the all-time low of 20 DOM for June, the same as it was in May. This shows that homes in Tempe are selling faster than they ever have before.
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​After decreasing in April, Tempe home sales have increased two straight months. Home sales in Tempe have increased from 110 in April to 123 in June. With this increase, Tempe home sales are still -14.6% lower than in June of 2021. The low number of listings continues to impact sales.
 
The number of new Tempe listings has increased each month so far in 2022. New Tempe listings have gone from 99 in January to 189 in June, almost doubling. This is the fifth straight increase after decreasing or remaining the same the previous five months in a row. New listings in Tempe are now higher than they have been since August of 2018, and they are now 18.1% higher than in June of 2021.

The number of active listings increased for the second straight month after decreasing sixth straight months previously. Active listings have gone from 122 in April to 199 in June. The number of active listings in Tempe are now greater than they were in June of last year by 14.4%.
 
The lack of homes for sale continues to drive demand and home prices higher, but that is changing. Inventory is increasing, and that will have an impact on prices.
 

Median home values in Tempe have increased an average of 18.3% since June of 2021. Even with interest rates moving towards 6.00%, there will still be more buyers looking to purchase a home in Tempe throughout the summer of 2022.
​

>>Click Here To See All Current Tempe Arizona Homes For Sale<<

​For more detailed stats on the 
Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Picture
​​When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Picture
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Tempe homes for sale
Real estate in Tempe for sale
Homes for sale in Tempe Arizona

​Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Tempe Homes For Sale | Troy Erickson Realtor
0 Comments

Tempe AZ Real Estate Housing Market Report - May 2022

6/16/2022

0 Comments

 

Tempe AZ Real Estate Housing Market Report - May 2022

The average sales price of Tempe homes increased for the sixth straight month, moving from $604,168 in April to a new all-time high of $612,663 in May.

After remaining the same in February and March, at $303/sf, the average sold price per square foot of Tempe homes increased for the second straight month reaching a new all-time high of $330/sf in May. This is the fifth straight month the average sold price per square foot in Tempe, Arizona has increased.
 
After increasing to 40 days on market in March, Tempe days on market has decreased two months in a row, as is now at a new all-time low of 20 DOM for May. This shows that homes in Tempe are selling faster than they ever have before.
Picture
After increasing last month, Tempe home sales have decreased in April. Home sales in Tempe have decreased from 127 in March to 111 in April. With this decrease, Tempe home sales are now -15.3% lower than in April of 2021. The low number of listings continues to impact sales, even though we are into the spring when home sales in Tempe usually increase.
 
The number of new Tempe listings increased from 121 in March to 142 in April. This was the third straight increase after decreasing or remaining the same the previous five months in a row. New listings in Tempe continue to be the lowest since before 2018, and for this April they are -9.0% lower than in April of 2021.

The number of active listings dropped for the sixth straight month, from 226 in October of 2021 down to 120 in April of 2022. The number of active listings in Tempe are lower than they were in April of last year by -31.0%.
 
Active listings in Tempe are lower than they ever have been historically, and the lack of homes for sale continues to drive demand and home prices higher. We can expect home values in Tempe to continue to increase as long as the inventory remains low.
 

Median home values in Tempe have increased an average of 25.6% since April of 2021. Even with interest rates moving slightly above 5.25%, there will still be more buyers looking to purchase a home in Tempe throughout the first months of 2022.
​

>>Click Here To See All Current Tempe Arizona Homes For Sale<<

​For more detailed stats on the 
Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Picture
​When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Picture
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Picture
Picture
Picture

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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0 Comments

Tempe AZ Real Estate Housing Market Report - April 2022

5/18/2022

0 Comments

 

Tempe AZ Real Estate Housing Market Report - April 2022

The average sales price of Tempe homes increased for the fifth straight month, moving from $577,248 in March to $604,168 in April. This is almost a $30,000 increase in one month, giving the average sales price of Tempe homes a new all-time high.

After remaining the same in February and March, at $303/sf, the average sold price per square foot of Tempe homes increased in April to $325/sf. This is a new all-time high for the average sold price per square foot in Tempe, Arizona.
 
After increasing to 40 days on market in March, Tempe days on market decreased in April down to 23. This is the lowest days on market in April since before 2018 and shows that homes in Tempe are still selling faster than normal.
Tempe AZ homes for sale | Troy Erickson Realtor
After increasing last month, Tempe home sales have decreased in April. Home sales in Tempe have decreased from 127 in March to 111 in April. With this decrease, Tempe home sales are now -15.3% lower than in April of 2021. The low number of listings continues to impact sales, even though we are into the spring when home sales in Tempe usually increase.
 
The number of new Tempe listings increased from 121 in March to 142 in April. This was the third straight increase after decreasing or remaining the same the previous five months in a row. New listings in Tempe continue to be the lowest since before 2018, and for this April they are -9.0% lower than in April of 2021.

The number of active listings dropped for the sixth straight month, from 226 in October of 2021 down to 120 in April of 2022. The number of active listings in Tempe are lower than they were in April of last year by -31.0%.
 
Active listings in Tempe are lower than they ever have been historically, and the lack of homes for sale continues to drive demand and home prices higher. We can expect home values in Tempe to continue to increase as long as the inventory remains low.
 

Median home values in Tempe have increased an average of 25.6% since April of 2021. Even with interest rates moving slightly above 5.25%, there will still be more buyers looking to purchase a home in Tempe throughout the first months of 2022.
​
>>Click Here To See All Current Tempe Arizona Homes For Sale<<

​For more detailed stats on the 
Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Tempe real estate housing report - April 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Tempe, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Troy Erickson | Tempe Real Estate Agent
Troy Erickson Realtor | Tempe Real Estate Agent
Troy Erickson Realtor | Tempe homes for sale
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.

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    Chandler and East Valley Blog: Troy Erickson Realtor

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    Troy Erickson

     "Real Estate is not just a job for me, it's about making a difference in the lives of others."​

    Troy has been blogging about Chandler and East Valley Real Estate in Arizona since 2006.  He stays current on local Chandler real estate by attending educational classes, and talking with title companies, home inspectors, lenders, members of the Chandler community, as well as constantly working with home buyers, home sellers, and investors within the Chandler and East Valley community.

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For more information – Contact Troy at (602) 295-6807, or TroyEricksonRealtor@gmail.com today.
Chandler Arizona Real Estate Search

Troy and Mia are your Chandler Arizona Real Estate Connection - an experienced team with Diverse Solutions Realty. Troy is a licensed Realtor in the state of Arizona.
See more at: ChandlerRealEstate.weebly.com