Estimated Supply of Homes in Arizona

While the overall estimated months of supply may be 3.4 months for all ARMLS properties listed in Greater Phoenix, the breakdown of the estimated months of supply for residential properties under $50,000 is 1.2 months compared t0 134 months or 11.2 years for properties over $3,000,000. The estimated month of supply jumps from 4.3 months in the $300,000 to 349,999 sold price range to 7.4 months in the $350,000 to 399,999 and generally increases as the price range increases.
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