By Brian Petersheim | InMaricopa
Maricopa real estate market inventory continues to make buyers fret and sellers smile.
Sellers will be happy to know the average sales price of the 249 homes sold last month in Maricopa was a whopping $421,300, according to data from the Arizona Regional Multiple Listing Service. About 9% of those homes sold for $500,000 dollars or more and just four homes sold for less than $325,000.
Unfortunately, for buyers, the number of homes currently on the market in the city remains one of the lower inventories seen since I started tracking monthly sales in 2015. Still, the inventory has grown significantly since last summer.
As of May 1, there were 229 homes currently for sale in the city of Maricopa. There are currently 404 homes in Maricopa under contract, in the escrow process.
Pre-pandemic, normal monthly inventory averages hovered around 300-325 homes for sale.
