🏡 Sales Market
Active Listings: 637 (-10.9% YoY)
→ Inventory has declined significantly compared to last year, continuing a trend of tightening supply
Median Sold $/SF: $179.68 (-6.4% YoY)
→ Prices remain under pressure and have declined year-over-year for several consecutive months
Average Days on Market: 80 (-5.9% YoY)
→ Homes are taking slightly less time to sell than last year, though overall timelines remain elevated
30-Year Mortgage Rate: 6.44%
→ Rates increased this month, which could impact affordability and buyer demand moving forward
🏘️ Rental Market
Active Listings: 71 (+9.2% YoY)
→ Rental inventory has increased modestly compared to last year but remains relatively constrained
Median Rented $/SF: $0.95 (-11.6% YoY)
→ Rents are still significantly lower than last year despite recent month-over-month increases
Median Days on Market: 47 (+51.6% YoY)
→ Rentals are taking much longer to lease, indicating softer demand conditions
📉 Key Takeaways
- Sales inventory is shrinking, reducing options for buyers
- Home prices continue to decline, reflecting ongoing affordability adjustments
- Homes are selling slightly faster, but market times remain elevated
- Rental inventory is limited, yet leasing activity has slowed significantly
- Rising mortgage rates may further impact buyer activity this spring
👉 Overall:
Maricopa’s market remains in a period of adjustment. The sales side is tightening with declining inventory and softer pricing, while the rental market shows mixed signals—limited supply but slower leasing. As mortgage rates rise, affordability will continue to shape both buyer and renter behavior heading into the spring season.