November 17, 2021
Real Estate

Maricopa real estate market stays red-hot through July

Photo by Kyle Norby (flight courtesy Desert Rat Aviation)

The Maricopa real estate market inventory continues to make buyers go crazy and sellers smile.

The number of homes currently for sale in the city is still one of the lowest inventories seen since I started tracking monthly sales in 2015.

As of Aug. 1, there are 132 homes for sale, not currently under contract and looking for offers.

Normal monthly inventory averages between 300-325 homes.

It’s not just Maricopa seeing a lack of inventory. I have been keeping in touch with agents throughout the Valley daily, and they are experiencing similar issues.

Homes priced within market parameters are receiving over asking price offers within the first week, and many of the homes are being purchased by real estate investment trusts (REIT).

July 2021 July 2020
No. of homes for sale 132 203
Average sale…

Read full article here: