Tempe Real Estate Market Statistics

The latest market statistics for Tempe real estate are represented in the graphs below:

Absorption Rate

1.12,1.33,1.24,1.45,1.17,1.03,0.86,0.76,0.77,0.88,0.76,0.85

The Absorption Rate is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time.

Inventory

204,246,227,265,217,194,167,148,153,178,158,181
254,248,253,239,177,126,218,200,246,262,243,265
219,248,198,224,182,162,213,205,232,226,234,181
261,201,221,222,197,209,165,193,227,234,206,241

Median Prices

367000.00,369000.00,367700.00,354900.00,371499.00,379000.00,400000.00,377000.00,425000.00,429000.00,469900.00,469900.00
350000.00,358000.00,339000.00,371499.00,349900.00,354500.00,372450.00,359995.00,409000.00,399900.00,420000.00,430000.00
330000.00,359950.00,333950.00,352450.00,344000.00,349450.00,369500.00,360000.00,390000.00,399900.00,399900.00,399900.00
325000.00,335000.00,359900.00,355000.00,350000.00,345000.00,349900.00,355000.00,360000.00,385000.00,415000.00,399900.00
322000.00,337000.00,353000.00,357700.00,355000.00,344750.00,350000.00,355000.00,367000.00,389450.00,425000.00,415000.00