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.