Peoria AZ – Real Estate Market Data – May 2012

Peoria AZ – Real Estate Market Data – May 2012

Click here for full report – Peoria 2012-05

To search for real estate throughout Arizona, go to www.AZmoves.com

Property Sales

May Property sales were 345, down 11.8% from 391 in May of 2011 and 2.1% higher than the 338 sales last month. May 2012 sales were at a mid level compared to May of 2011 and 2010. May YTD sales of 1,508 are running 11.7% behind last year’s year-to-date sales of 1,707.

Prices

The Median Sales Price in May was $169,900, up 25.9% from $135,000 in May of 2011 and up 6.2% from $160,000 last month. The Average Sales Price in May was $192,762, up 18.7% from $162,423 in May of 2011 and up 7.0% from $180,159 last month. May 2012 ASP was at the highest level compared to May of 2011 and 2010.

Inventory & MSI

The Total Inventory of Properties available for sale as of May was 688, up 3.0% from 668 last month and down 38.7% from 1,122 in May of last year. May 2012 Inventory was at its lowest level compared with May of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2012 MSI of 2.0 months was at its lowest level compared with May of 2011 and 2010.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for May was 53, down 17.2% from 64 days last month and down 32.1% from 78 days in May of last year. The May 2012 DOM was at its lowest level compared with May of 2011 and 2010.

To search for real estate throughout Arizona, go to www.AZmoves.com

Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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About azrelocation

Coldwell Banker Residential Brokerage provides comprehensive real estate and relocation services for Greater Phoenix, Greater Tucson, Prescott and Lake Havasu City. Our AZrelocation Blog will provide you with extensive market data -- both on the metro and city levels -- along with relocation trends, area highlights and other valuable information.
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