12/12/2024
🏡 Arizona Housing Market Update: December 2nd - December 8th 🏜️
As 2023 nears its end, the Arizona housing market is showing signs of seasonal shifts while remaining active in key counties. Here’s a detailed look at what’s happening in Maricopa County and Pima County:
📍 Maricopa County
➡Active Listings: 16,198
A slight decrease from last week’s 16,284 but a significant increase from 11,776 one year ago.
What this means: Buyers now have more choices compared to last year, which is great for those seeking their dream home but creates more competition for sellers.
➡New Listings: 1,059
Up sharply from 705 last week and higher than 896 one year ago.
What this means: More sellers are entering the market, likely in preparation for a strong start to the new year.
➡New Contracts: 1,361
An increase from 1,147 last week and 1,204 one year ago.
What this means: Buyer activity remains strong, showing that demand hasn’t cooled despite seasonal slowdowns.
➡Closed Sales: 1,062
Up from 912 last week and significantly higher than 786 one year ago.
What this means: Buyers are still closing deals, suggesting that motivated buyers are eager to secure homes before year-end.
📍 Pima County
➡Active Listings: 4,047
A slight drop from 4,088 last week but well above the 2,826 one year ago.
What this means: Buyers in Pima County now have far more options compared to this time last year.
➡New Listings: 265
A healthy increase from 195 last week, closely aligning with the 270 from one year ago.
What this means: The market is staying balanced as sellers enter at consistent levels.
➡New Contracts: 104
A small increase from 102 last week and identical to last year’s number.
What this means: Buyer activity remains steady, indicating demand is holding strong.
➡Closed Sales: 191
A jump from 175 last week and higher than 181 one year ago.
What this means: More buyers are sealing the deal, pointing to a solid finish for the year.
What Does This Mean for You?
✅ For Buyers: With an increase in active listings compared to last year, now is a great time to explore your options. Maricopa County offers more inventory, while Pima County provides opportunities in a slightly steadier market.
✅ For Sellers: While buyer demand remains strong, the higher number of listings means you’ll need to price competitively and ensure your home stands out. The good news? Buyers are still closing deals at an impressive rate.
✨How I Can Help You✨
Whether you’re buying or selling, navigating the Arizona real estate market requires expert guidance. With my local expertise, I’ll help you:
🏡 Find your ideal home or investment property
🏡 Strategically market and price your property for a competitive edge
🏡 Navigate every step of the process with confidence
📞 Ready to make your move?
Call, text, or DM me today for a personalized consultation and let’s achieve your real estate goals together!
Heather Voll 701.713.0908
[email protected]
[email protected]