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May 4, 2022 Market Update

Wednesday, May 4, 2022   /   by Bryan Baylon

May 4, 2022 Market Update

The initial estimates for April in Maricopa based on Affidavits of Value are as follows:

  • Overall sales were down 13% compared to April 2021
  • New home sales were down 15% while re-sales were down 13%
  • The overall median sales price was $479,422, up 27.5% from $376,000 in April 2021
  • The new home median was $496,431, up 25.5% from $395,452 in April 2021
  • The re-sale median was $475,000, up 26.7% from $375,000 in April 2021

The typical home in Maricopa County rose $100,000 over the last 12 months.

These figures are for single-family homes and townhouse / condos combined, though the market is still overwhelmingly dominated by single-family detached homes.

Market incites provided by the Cromford report.

Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085

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