April 10, 2025 1:38 am
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Maricopa market looking up in 2024

By Jeff Chew | InMaricopa

Maricopa’s real estate market is seeing a brighter outlook after a year of lofty interest rates and limited inventory. 

“I think the interest rate is going down and is going to jumpstart things,” said Dayv Morgan, Maricopa-based Realtor with HomeSmart Premier. 

Morgan predicts mortgage interest rates will fall to 6% by year’s end. Today, the rate approaches 7%. 

“Everything has been pretty slow for the fourth quarter and second half,” Morgan said of 2023. “We still have a lot of homes on the market now.” 

The Maricopa real estate market ended 2022 with about 600 homes on the market, and 2023 ended with 500 homes listed, he said.

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