"In December, Mesa's active listings count surged by 5.4% year-over-year, bringing 1,214 homes to eager buyers. This increase, though below the national growth rate of 12.1%, marked a vibrant local market. Notably, newly listed homes in Mesa soared by 12.1% compared to the previous year, starkly contrasting the national decrease of 1.8%. This dynamic activity painted Mesa as a standout market bustling with fresh opportunities."
"Homes in Mesa remained on the market for an average of 66 days in December, marking an 11.9% increase from the previous year. However, this was still quicker than the national median of 73 days, which saw a smaller rise of 5.0% year-over-year. The extended time on market, paired with increased inventory, signaled golden opportunities for discerning buyers to explore and negotiate."
Mesa experienced a 5.4% year-over-year increase in active listings to 1,214 homes, while newly listed homes rose 12.1%, outpacing national trends. The median listing price fell to $459,725, down 3.2% from the prior year, and the share of price reductions declined by 4.7 percentage points. Average days on market lengthened to 66 days, an 11.9% increase, but remained below the national median of 73 days. Higher inventory and longer market time created negotiation opportunities for buyers and intensified competition, requiring sellers to use strategic pricing and marketing approaches.
Read at SFGATE
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