*These statistics are based on information obtained from MLSSAZ and using TrendGraphix software for the dates of April 2022 - April 2023. Information is believed to be reliable, but not guaranteed. APRIL 2023 APRIL 2023 0 10 20 30 40 50 4/23 3/23 2/23 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 99% 96% 96% 95% 95% 94% 94% 97% 97% 97% 101% 101% 101% SOLD PRICE / LIST PRICE % DIFFERENCE 17 22 27 29 39 39 43 46 49 44 15 16 14 Days AVERAGE DAYS ON MARKET VS SALES PRICE/LIST PRICE % April 2023 Average Days on Market Trend Remained Steady Average Days on Market in April 2023: 39 •Down 1 1.4% compared to last month •Up 160% compared to last year April 2023 Sold/Original List Price Ratio was Rising Sold/List Price % in April 2023: 97% •Unchanged compared to last month •Down 4% compared to last year 500 1000 1500 2000 2500 3000 3500 500 1000 1500 2000 2500 3000 3500 4/23 3/23 2/23 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 Homes Homes For Sale in April 2023: 1575 units. •Down 10.6% compared to last month •Up 56.4% compared to last year Homes Listed in April 2023: 1234 units. •Down 9.7% compared to last month •Down 32.9% compared to last year Homes Closed in April 2023: 1 126 units. •Down 7.2% compared to last month •Down 26% compared to last year HOMES FOR SALE/NEW LISTINGS/SOLD *These statistics are based on information obtained from MLSSAZ and using TrendGraphix software for the dates of April 2022 - April 2023. Information is believed to be reliable, but not guaranteed. APRIL 2023 APRIL 2023 180 200 220 240 260 4/23 3/23 2/23 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 $228 $231 $230 $227 $223 $226 $221 $222 $220 $229 $225 $238 $235 Average Price per Sq. Ft. April 2023 Average Sold Price per Square Footage was Neutral Average Sold Price per Square Footage in April 2023: $228 •Down 0.4% compared to last month •Down 0.9% compared to last year SOLD PRICE PER SQUARE FOOT 200 250 300 350 400 450 4/23 3/23 2/23 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 $413,000 $418,000 $430,000 $418,000 $407,000 $407,000 $398,000 $400,000 $406,000 $402,000 $417,000 $431,000 $418,000 Sold Price in $1,000’s AVERAGE SOLD PRICE April 2023 Average Sold Price was Neutral Average Sold Price in April 2023: $413,000 •Down 1.2% compared to last month •Down 0.2% compared to last year *These statistics are based on information obtained from MLSSAZ and using TrendGraphix software for the dates of April 2022 - April 2023. Information is believed to be reliable, but not guaranteed. APRIL 2023 APRIL 2023 0 1 2 3 4 4/23 3/23 2/23 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 1.2 1.9 1.5 1.4 1.9 2.2 2.9 2.1 3.1 3 3.4 0.7 0.8 Months April 2023 was a Sellers Market Months of Inventory based on Closed Sales in April 2023: 1.4 •Down 6.9% compared to last month •Up 105.7% compared to last year MONTHS OF INVENTORY 0 5 10 15 20 0 5 10 15 20 INTEREST RATE TRENDS Numbers provided by Paul Volpe of the Volpe Team with Nova Home Loans 2023: 6.47% 2000: 8.05% 1995: 7.93% 1990: 10.13% 1985: 12.43% 1980: 13.74% Average Annual Percentage Rate Average Annual Percentage Rate