By InMaricopa
Maricopa’s housing market has slowed sharply from a year ago, with home sales down 36% and inventory climbing as sellers face more competition and buyers gain leverage.
Data compiled from ARMLS for ZIP codes 85138 and 85139 showed 88 homes closed month-to-date, compared with 137 in the same window last year, according to local Realtor James Sanson.
The median sold price also declined, dropping from $359,990 to $342,000, a difference of about $18,000.
At the same time, Maricopa had 383 active listings and 4.4 months of supply, a measure of how long it would take to sell all current listings at the existing sales pace. Sanson said that compares with 1.59 months of supply across the broader Phoenix metro, giving Maricopa buyers significantly more options than buyers in cities like Phoenix, Chandler and Tempe.
