Enjoy this Maricopa County Real Estate Market Report for this month.
You can also do a home search and save your favorite properties. Set up a search and be alerted as soon as a matching property hits our database. It’s Exclusive.
Contents
Statistical Market Summary – May 2020
Average Sales Price $353,568
| Last Month | Last Year | |
| Active Listings | 🔻 19.2% | 🔻 31.6% |
| Pending Listings | 🔼 28.9% | 🔻 5.2% |
| Sold Listings | 🔻 1.6% | 🔻 33.0% |
| Average Days on Market | 0.0% | 🔻 20.0% |
| Average Sales Price | 🔻 4.4% | 🔼 1.6% |
Buyers: Interest rates and active inventory dropped throughout the month. Properties are back to receiving multiple offers.
On a positive note, we have a higher proportion of FHA and VA buyers closing on homes. Remember, you will usually get a good price or good terms (concessions/ contingencies), but rarely both.
Sellers: After a slow start to our peak season, we are finally showing signs of getting back on track. Our average and median sales prices remain relatively stable.
Virtual options for marketing your home, combined with staging and pricing your home well, will be even more critical than before.
Today’s Interest Rates
| ▶️ 30 Year Fixed (Con) | 3.13% |
| ▶️ 15 Year Fixed (Con) | 3.68% |
| ▶️ 30 Year FHA | 2.65% |
| ▶️ Jumbo Loan | 4.05% |
| ▶️ 5/1 ARM | 3.26% |
Market Reports from 2020
Market Reports from 2019
Featured Communities
| BUCKEYE / VERRADO | GOODYEAR |
| LITCHFIELD PARK | VICTORY AT VERRADO |
| CANTAMIA | ESTRELLA MOUNTAIN RANCH |
| PEBBLE CREEK | SUN CITY |
Homes for Sale in Maricopa County
Have Questions? Ask Elizabeth
ElizabethChionchio.com is the best source of information about the local community and real estate topics. Give Elizabeth Chionchio a call today at 623-469-7468 to learn more about local areas, discuss selling a house, or tour available homes for sale.
