*These statistics are based on information obtained from MLSSAZ and using TrendGraphix software for the dates of December 2022 - January 2023. Information is believed to be reliable, but not guaranteed. JANUARY 2023 JANUARY 2023 0 10 20 30 40 50 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 3/22 2/22 1/22 98% 99% 99% 96% 96% 95% 94% 94% 97% 101% 101% 101% 101% SOLD PRICE / LIST PRICE % DIFFERENCE 17 22 27 29 39 43 46 23 24 21 15 16 14 Days AVERAGE DAYS ON MARKET VS SALES PRICE/LIST PRICE % January 2023 Average Days on Market Trend was Rising Average Days on Market in January 2023: 46 •Up 7% compared to last month •Up 100% compared to last year January 2023 Sold/Original List Price Ratio was Falling Sold/List Price % in January 2023: 94% •Unchange compared to last month •Down 4.1% compared to last year 500 1000 1500 2000 2500 3000 500 1000 1500 2000 2500 3000 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 3/22 2/22 1/22 Homes Homes For Sale in January 2023: 2272 units. •Down 10.6% compared to last month •Up 1 12.5% compared to last year Homes Listed in January 2023: 1347 units. •Up 49.2% compared to last month •Down 9.9% compared to last year Homes Closed in January 2023: 761 units. •Down 10.5% compared to last month •Down 37.9% 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 December 2022 - January 2023. Information is believed to be reliable, but not guaranteed. JANUARY 2023 JANUARY 2023 180 200 220 240 260 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 3/22 2/22 1/22 $214 $219 $228 $231 $230 $227 $223 $226 $221 $222 $225 $238 $235 Average Price per Sq. Ft. January 2023 Average Sold Price per Square Footage was Neutral Average Sold Price per Square Footage in January 2023: $222 •Up 0.5% compared to last month •Up 3.7% compared to last year SOLD PRICE PER SQUARE FOOT 200 250 300 350 400 450 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 3/22 2/22 1/22 $382,000 $400,000 $415,000 $418,000 $430,000 $418,000 $407,000 $400,000 $406,000 $402,000 $417,000 $410,000 $431,000 Sold Price in $1,000’s AVERAGE SOLD PRICE January 2023 Average Sold Price was Neutral Average Sold Price in January 2023: $410,000 •Up 2% compared to last month •Up 7.3% compared to last year *These statistics are based on information obtained from MLSSAZ and using TrendGraphix software for the dates of December 2022 - January 2023. Information is believed to be reliable, but not guaranteed. JANUARY 2023 JANUARY 2023 0 1 2 3 4 1/23 12/22 11/22 10/22 9/22 8/22 7/22 6/22 5/22 4/22 3/22 2/22 1/22 0.9 1.2 1.9 1.9 2.2 3.1 3 3 3.5 0.7 0.7 0.8 0.5 Months January 2023 was a Sellers Market Months of Inventory based on Closed Sales in January 2023: 3 •Unchanged compared to last month •Up 240.8% 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: 6.20% 2000: 8.05% 1995: 7.93% 1990: 10.13% 1985: 12.43% 1980: 13.74% Average Annual Percentage Rate Average Annual Percentage Rate