This Week
The median list price for single family homes in MESA, AZ this week is $129,850. The 2130 properties have been on the market for an average of 145 days.
Inventory is tightening and days-on market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
We hope you find this short market overview useful. Click here to view single family homes for sale in Mesa Arizona.
For more information on Arizona homes for sale visit us at www.ArizonaPerspective.com
Cari Gililland
480-390-9247
www.Facebook.com/CariSellsHomes
