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 – December 2020
Average Sales Price $432,165
| Last Month | Last Year | |
| Active Listings | 🔻 11.9% | 🔻 48.3% |
| Pending Listings | 🔻 20.2% | 🔼 21.8% |
| Sold Listings | 🔼 8.2% | 🔼 22.5% |
| Average Days on Market | 🔼 4.9% | 🔻 33.9% |
| Average Sales Price | 🔼 3.0% | 🔼 24.2% |
Buyers: Interest rates stayed at their crazy, historically-low amounts. Properties continue to receive multiple offers. Be prepared to come in strong…no closing cost assistance and possibly paying over appraised value.
Data forecasts predict 2021 will be another year of steady price increases. So if you’re waiting for the market to drop, you may just wait yourself right out of buying a home.
Sellers: The average and median sales price popped back up in the highest number of sales we have ever seen in the month of December.
We are in an incredible seller’s market, but your pricing must still be in line with recent sales to avoid appraisal pitfalls. Keep in mind that the highest price isn’t always the “best” offer.
Today’s Interest Rates
| ▶️ 30 Year Fixed (Con) | 2.86% |
| ▶️ 15 Year Fixed (Con) | 2.39% |
| ▶️ 30 Year FHA | 2.25% |
| ▶️ Jumbo Loan | 3.25% |
| ▶️ 5/1 ARM | 2.39% |
Market Reports from 2020
| January 2020 | February 2020 |
| March 2020 | April 2020 |
| May 2020 | June 2020 |
| July 2020 | August 2020 |
| September 2020 | October 2020 |
| November 2020 | December 2020 |
Market Reports from 2019
Featured Communities
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.
