By Lisa Baker | Peoria Times
Are you thinking about a new home in 2021? Anyone trying to purchase a home right now will tell you that even as prices and interest rates continue to rise, you need to move quickly in this market. But don’t think you have to revise your resolutions just yet; just be prepared.
Cromford Report data tracked around a 2% month-over-month increase in the average final sale price per square foot in Maricopa County in the fourth quarter of 2020, while the average days on the market dropped to 39.8 from 47.85 in the third quarter.
Both are trends expected to continue this trajectory in the New Year.
During December, 413 MLS listing sales closed in Glendale and 417 in Peoria.
As of this writing, there are 124 active and available listings (not counting properties already under contract or pending close of escrow) in MLS in Glendale and 143 active listings in Peoria. That’s 30% of one month’s inventory in Glendale, down from 40% in November) and 34.3 % of one month’s inventory in Peoria (down from 47% in November).
