🏡 Sales Market – Mesa
Inventory continues to build while pricing softens.
- Active Listings: 1,871
(1% increase YoY — up from 1,637 in December) - Median Sold Price per SF: $250.30
(4% decrease YoY — continuing downward pressure) - Average Days on Market: 63
(11.5% increase YoY — homes taking longer to sell) - 30-Year Mortgage Rate: 6.11%
(Essentially unchanged from December)
What This Means
Mesa remains in a buyer-leaning environment.
Inventory has increased month-over-month, pricing is slightly down year-over-year, and homes are taking longer to move.
For sellers, proper pricing and presentation are critical.
For buyers, leverage and negotiation power remain solid.
🏢 Rental Market – Mesa
Inventory tightening, but rents still under pressure.
- Active Rental Listings: 322
(4.7% decrease YoY — down from 400 in December) - Median Rented Price per SF: $1.31
(5.1% decrease YoY) - Median Days on Market: 45
(12.5% increase YoY — leasing timelines stretching)
What This Means
Rental supply has pulled back year-over-year, but pricing remains slightly softer.
Leasing is taking longer than it did a year ago.
For landlords, this reinforces:
- Strategic pricing
- Strong tenant screening
- Proactive marketing
Execution matters more than ever.