07/03/2024
Interest rates are just under 7%, but until we get a fed cut I am not sure we are going to see this market pick up. Our demand is low and each week we are gaining inventory. This is good news for buyers who have more choices and can ask for larger concessions. Most homes are not selling for listing price which is a change from 6 months ago. Experts are expecting home prices to come down if demand does not start increasing. Only 73 percent of listings are selling, which is lower than usual. More sellers are taking their homes off the market when they realize they cannot get their asking price. Here is what is going on in some local areas. If there is a city/town you would like to see, just let me know. As always I would like to be the realtor you use and refer. I will take great care of you and your friends/family.
Gold Canyon, AZ 85118
This week the median list price for Gold Canyon, AZ 85118 is $529,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 133.
Apache Junction, AZ
This week the median list price for Apache Junction, AZ is $470,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 101.
Mesa, AZ
This week the median list price for Mesa, AZ is $559,900 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has increased to 765.
Gilbert, AZ
This week the median list price for Gilbert, AZ is $719,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 476.
Queen Creek, AZ
This week the median list price for Queen Creek, AZ is $709,246 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 414.
Pinetop, AZ
This week the median list price for Pinetop, AZ is $727,450 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 62.
Livermore, CA
This week the median list price for Livermore, CA is $1,250,000 with the market action index hovering around 74. This is less than last month's market action index of 80. Inventory has increased to 78.
San Ramon, CA
This week the median list price for San Ramon, CA is $1,950,000 with the market action index hovering around 84. This is less than last month's market action index of 85. Inventory has held steady at or around 41.
