Yong’s Monthly Read

April 2024

Phoenix metro · Full stat suite + Yong’s read

Median PPSF

$265

+2.3%MoM+6.5%YoY

Median DOM

59days

0.0%MoM0.0%YoY

Closings

9,508

+2.5%MoM+4.8%YoY

Closed volume

$4592.8M

+17.8%YoY

New listings

—

Sum of weekly mart

Months of supply

2.1mo

Trailing 12 · sellers

The read

Yong is finalizing the April 2024 read.

Editorial prose is published mid-month covering the prior calendar period. The stat tiles above reflect the latest closed data.

Portrait of Yong Choi

Yong Choi

Global Real Estate Advisor

Twelve-month trend

Median price per square foot.

By the tier

Two luxury bands. Two different markets.

Active snapshot · 2026-05-13

Price band

$3M – $5M

Active
0
Median PPSF
—
Median DOM
—

Empty inventory; no active $3-5M listings tracked.

Price band

$5M+

Active
0
Median PPSF
—
Median DOM
—

Empty inventory; no active $5M+ listings tracked.

How we read the market

Three inputs.

  1. 01

    ARMLS recorded transactions

    1.84M Valley records · refreshed every 4 hours

    The full set of MLS-listed transactions. Source-of-record for headline volume + closed-price stats.

  2. 02

    Public deed filings

    County recorder · weekly cross-reference

    Captures recorded transactions that didn’t pass through the MLS — including off-market trades, intra-family transfers, and entity-to-entity sales.

  3. 03

    Private RLSIR registry

    Off-market trades facilitated by the network

    Yong’s and the Russ Lyon Sotheby’s International Realty network’s direct knowledge of pocket trades, club-membership-driven transfers, and pre-MLS introductions.

Weekly cadence reports the supply pulse (new-listing cadence + rolling averages) at metro granularity. Monthly cadence reports the full stat suite: median price-per-sqft, median days-on-market, transaction volume, and inventory tier breakdown. Adjustments are noted inline where applicable.

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