By Lisa Baker | Glendale Star
Our local real estate market typically cools off going into fall — much more than our weather. And while we are seeing some numbers starting to change slightly like autumn leaves, there is no strong indication that we will see a significant drop anytime soon.
The average number of days a listing spent on the market in Maricopa County increased again slightly, from 26.05 days in July to 27.2 days in August.
According to The Cromford Report, 53% of sales closed in Maricopa County during August sold for over the listing price, down from 57% of July sales. One could argue that rising list prices account for more sales selling at and not over those prices, but a slight drop in sales price per square foot — from $260.60 per square foot in July versus $258.61 in August — makes a slightly different point.
August saw 416 MLS listing sales closed in Glendale and 343 closed in Peoria. Today, there are 261 active and available listings (not counting properties already under contract or pending close of escrow) in MLS in Glendale and 218 active listings in Peoria.
