"The market shifted slightly toward buyers in February - inventory climbed year over year, the median list price fell, and more than one in four sellers had to cut their price to close a deal."
"Sellers adjusted their expectations in February, and buyers felt it. The median list price dropped 3.5% year over year to $462,500 - a steeper decline than the national average of 2.1%."
"The typical Mesa home sold in 46 days - a full 24 days faster than the national median of 70. That pace indicates strong demand despite the price adjustments."
Mesa, Arizona, is experiencing a slight shift towards a buyer's market with increased inventory and a decrease in median list prices. Active listings rose 4.6% year over year, while the median list price fell by 3.5% to $462,500. Despite these changes, homes in Mesa still sell faster than the national average, with a typical home selling in 46 days. Sellers are advised to price homes at market value to avoid price reductions, as 28.3% of listings experienced price cuts.
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