🏡 Sales Market
Active Listings: 1,006 (+15.4% YoY)
→ Inventory continues to climb and remains significantly higher than last year, giving buyers more options
Median Sold $/SF: $217.67 (-4.8% YoY)
→ Prices are still under pressure and have declined year-over-year for multiple consecutive months
Average Days on Market: 63 (+1.6% YoY)
→ Homes are taking slightly longer to sell than last year, but improved compared to February
30-Year Mortgage Rate: 6.44%
→ Rates jumped this month, which could impact affordability and slow buyer demand moving forward
🏘️ Rental Market
Active Listings: 74 (-19.6% YoY)
→ Rental inventory has dropped significantly and is now well below last year’s levels
Median Rented $/SF: $1.05 (-3.2% YoY)
→ Rents increased month-over-month but remain down compared to last year overall
Median Days on Market: 39 (+2.6% YoY)
→ Rentals are still taking slightly longer to lease than last year, though improving from earlier months
📉 Key Takeaways
- Sales inventory continues to rise, creating more competition among sellers
- Home prices remain soft with ongoing year-over-year declines
- Rental supply is tightening quickly, shifting momentum back toward landlords
- Higher mortgage rates may slow buyer activity as we move into peak season
👉 Overall:
Buckeye’s market is showing mixed signals. The sales market is becoming more competitive with rising inventory and softer pricing, while the rental market is tightening and improving. As mortgage rates rise, the pace of the spring market may depend heavily on affordability trends.