Report: Arizona Ranks Second in Real Estate Sales in the U.S.
According to a study conducted by RubyHome, Arizona ranks among the states with the highest numbers of recent real estate sales, despite a slowdown in home purchases in many housing markets across the nation. In analyzing data from Zillow’s Home Value Index Tool and population data from World Population Review, RubyHome, luxury real estate experts in Sherman Oaks, Calif., sought to understand the housing market trends in each state for 2023.
Upon examining recently sold house and apartment listings over the last 30 days, RubyHome found the top 10 states in the U.S. that have sold the most homes per 100,000 people. With 76.82 homes sold per 100,000 residents, Arizona secured the second spot on the list. The state’s population of 7,379,346 witnessed a total of 5,669 homes being sold at an average price of $419,675, which is higher than the national average of $357,319.
Leading the nation in real estate sales is South Carolina, narrowly surpassing Arizona with 77.30 homes sold per 100,000 people over the last month. South Carolina recorded a total of 4,071 home and apartment sales at an average price of $301,659, catering to a population of 5,266,343.
North Carolina, with a population of 10,710,558, observed over 8,000 sales in total, averaging at a price of $329,634. Ranking in third place, the state managed to achieve 75.74 homes sold per 100,000 residents.
Florida secured the fourth position on the list, reporting one of the highest numbers of properties sold with a total of 16,454 sales. However, despite its large population of 22,359,251, the state only recorded 73.59 homes sold per 100,000 people, with an average price of $404,939.
Tennessee completed the list at fifth place, witnessing a total of 5,135 homes sold over the last 30 days. With an average price of $311,333, the state served a population of 7,080,262, equating to 72.53 sales per 100,000 people.