Tempe AZ Real Estate Housing Market Report - June 2021
By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for June 2021: After May saw a drop in the average sales price of Tempe homes by over $23,000, June saw an increase of $32,647, back up to $537,614. At the same time, the average sold price per square foot increased for the fifth straight month from $264/sf to $276/sf. Days on market for June remained the same as it was in May, an all-time low of 22 DOM, after increasing to 29 DOM in April. Tempe home sales saw a nice increase up to 145 in June, the fourth increase in the last five months. With this increase, Tempe home sales are 1.4% higher than June of 2020. This is mainly due to the COVID-19 pandemic shutting down the economy last March, but by June of 2020, the housing market had already made a nice recovery. The ...
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