By Realtor Lisa Baker | Hunt Real Estate ERA
Summer real estate is spending fewer days on the market.
The average number of days a listing is on the market in Maricopa County has dipped again, to 26.6 days from 28.7 days last month, even as prices increase. The median sales price increased 2.9% from April to May in Glendale, 4.4% in Peoria and 4.1% across Maricopa County. According to the Cromford Report, 59% of sales closed in Maricopa County during April sold for an amount over the listing price, up from 56% of April sales.
May 2021 saw 371 MLS listing sales closed in Glendale and 359 in Peoria. Today there are 160 active and available listings (not counting properties already under contract or pending close of escrow) in MLS in Glendale and 170 active listings in Peoria. That’s 43% of one month’s inventory in Glendale, the same as this time in April, and 47% of one month’s inventory in Peoria, up from 34%. Today’s Maricopa County inventory is 51% of May’s closed sales, up from 47% in April.
According to ShowingTime, the platform Realtors use to schedule most of the MLS showings, showings of Peoria listings in the $200,000 to $299,999 range averaged 20.84 per listing and Peoria traffic in the $300,000 to $399,999 range averaged 18.02, showing decreases in both segments from last month. In Glendale, for homes in the $200,000 to $299,999 range, the average decreased to 22.43 per listing, but showings in the $300,000 to $399,999 range averaged 20.33 showings per listings, an increase from last month. Also, not all showings are scheduled through ShowingTime, so actual numbers are typically higher.
