By Brian Petersheim | InMaricopa
As March ended, the number of homes for sale in the city had dwindled to a 15-day supply.
That means that at the current sales pace it would take just 15 days for housing inventory to be depleted. In a normal market, there would be a 90-day supply.
As of Friday, there were 41 homes available – not under contract and looking for offers from prospective buyers – in the HOA subdivisions of Maricopa (since the non-HOA areas are so diverse.) Typically, there are more than 300 for sale.
There are 329 homes currently under contract that should close escrow within 45 days pending inspection, appraisal, etc.
