Pinal County, AZ – Real Estate Market Data – September 2012
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September Property sales were 522, down 26.7% from 712 in September of 2011 and 26.6% lower than the 711 sales last month. September 2012 sales were at their lowest level compared to September of 2011 and 2010. September YTD sales of 6,620 are running 18.7% behind last year’s year-to-date sales of 8,141.
The Median Sales Price in September was $125,000, up 42.5% from $87,700 in September of 2011 and up 1.6% from $123,000 last month. The Average Sales Price in September was $137,521, up 30.3% from $105,523 in September of 2011 and up 1.4% from $135,567 last month. September 2012 ASP was at the highest level compared to September of 2011 and 2010.
The Total Inventory of Properties available for sale as of September was 2,562, up 8.0% from 2,373 last month and up 6.1% from 2,415 in September of last year. September 2012 Inventory was at a mid level compared with September of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2012 MSI of 4.9 months was at a mid level compared with September of 2011 and 2010.
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 September was 44, down 8.3% from 48 days last month and down 37.1% from 70 days in September of last year. The September 2012 DOM was at its lowest level compared with September of 2011 and 2010.
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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.