🏡 Sales Market
Active Listings: 129 (-2.3% YoY)
→ Inventory dipped slightly compared to last year, indicating a relatively stable supply after February’s increase
Median Sold $/SF: $174.44 (+0.8% YoY)
→ Prices ticked up modestly year-over-year, showing signs of stabilization after recent fluctuations
Average Days on Market: 43 (-15.5% YoY)
→ Homes are selling significantly faster than last year, a notable improvement from February’s spike
30-Year Mortgage Rate: 6.44%
→ Rates increased this month, which could impact affordability and buyer demand heading into spring
🏘️ Rental Market
Active Listings: 14 (-12.5% YoY)
→ Rental inventory continues to decline and remains very limited compared to last year
Median Rented $/SF: $1.05 (-9.5% YoY)
→ Rents held steady month-over-month but are still down compared to last year
Median Days on Market: 96 (+22.2% YoY)
→ Rentals are taking significantly longer to lease, suggesting softer demand despite low inventory
📉 Key Takeaways
- Sales inventory remains stable with only slight year-over-year changes
- Home prices are beginning to stabilize after recent volatility
- Homes are selling much faster, signaling improved buyer activity
- Rental inventory is extremely limited, but leasing activity has slowed
- Higher mortgage rates could dampen buyer momentum in the coming months
👉 Overall:
Coolidge’s market is showing improving conditions on the sales side, with faster selling times and stabilizing prices. However, the rental market presents a mixed picture—tight supply but slower leasing. As mortgage rates rise, affordability will remain a key factor influencing both buyers and renters moving forward.