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Maricopa County Real Estate Report – This Month 2020

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Enjoy this Maricopa County Real Estate Market Report for this month.

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Contents

  • Statistical Market Summary – December 2020
  • Today’s Interest Rates
  • Market Reports from 2020
  • Market Reports from 2019
  • Featured Communities
  • Homes for Sale in Maricopa County
  • Have Questions? Ask Elizabeth

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.

To read a detailed report of the Maricopa County real estate market for December 2020
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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%
How much home can you afford? Find out here! Mortgage Calculator
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Market Reports from 2020

January 2020February 2020
March 2020April 2020
May 2020June 2020
July 2020August 2020
September 2020October 2020
November 2020December 2020
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Market Reports from 2019

July 2019August 2019
September 2019October 2019
November 2019December 2019
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Featured Communities

BUCKEYEGOODYEAR
LITCHFIELD PARK VERRADO
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Homes for Sale in Maricopa County

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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.

Recent Posts

  • Maricopa County Real Estate Report – December 2020
  • Maricopa County Real Estate Report – November 2020
  • Maricopa County Real Estate Report – October 2020
  • Maricopa County Real Estate Report – September 2020
  • Maricopa County Real Estate Report – August 2020

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