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Mesa AZ Real Estate Housing Market Report - February 2023

3/24/2023

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Mesa AZ Real Estate Housing Market Report - February 2023

After increasing in October, the average sales price of homes in Mesa has decreased 4 months in a row, going from $548,933 in October to $491,522 in February. 

The average sales price per square foot of Mesa homes remained the same in February as in January. The price per square foot of Mesa homes remains at $253/sf for February. With the average sales price per square foot mostly decreasing throughout last year, it is now back to where it was in December of 2021.
 
After increasing for 8 consecutive months, the days on market for Mesa has decreased in February, going from 74 DOM in January to 72 DOM this month. This may mean that days on market for Mesa is leveling off as we enter the spring.
Mesa AZ homes for sale
After decreasing last month, home sales in Mesa have increased in February, going from 350 in January to 411 this month. Total sales for February are still the lowest they have been in February since before 2018. Mesa home sales this month are lower than in February of last year by -23.3%.

​After increasing last month, the number of new listings in Mesa decreased this month, going from 497 in January to 444 in February. With this decrease of new listings in Mesa, they are now -22.4% lower than they were in February of last year, and lower than any other February since at least before 2018.

After increasing for seven straight months, the number of active listings in Mesa has decreased for the 4th straight month, going from 1,665 in October to 1,156 in February. Even with the decline, this is the highest inventory in February since 2019.

This decline in active listings in Mesa signifies that fewer homeowners are putting their homes up for sale, which is typical this time of year, but we should see an increase as we near the spring season. Even with the recent decline, the number of active listings is still 61.2% higher than they were in February of 2022.
 

Demand has slowed, as have the home prices, partially due to inflation and the impact of the COVID pandemic, as well as rising mortgage interest rates. Median home values in Mesa have decreased an average of -0.6% since February of 2022. This is the third decrease in a row. Prior to that we had not seen a decrease in at least 4 years. With interest rates ranging right below 7.0%, the demand for purchasing a home in Mesa is slowing.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the 
Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa Arizona real estate housing report
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa AZ
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others."

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Mesa real estate
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Mesa AZ Real Estate Housing Market Report - January 2023

2/16/2023

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Mesa AZ Real Estate Housing Market Report - January 2023

After increasing in October, the average sales price of homes in Mesa has decreased the last three months, going from $548,933 in October to $495,646 to start off the new year. 

The average sales price per square foot of Mesa homes has actually increased in January after decreasing for seven straight months. The price per square foot of Mesa homes has increased from $251/sf in December to $253/sf in January. With the average sales price per square foot mostly decreasing throughout last year, it is now back to where it was in December of 2021.
 
After decreasing for four consecutive months, the days on market for Mesa has also increased 8 months in a row, going from 21 DOM in May to 73 DOM in January (more than tripling). The increasing days on market for Mesa is a sign that demand is slowing as we start the new year.
Mesa AZ homes for sale
After increasing last month, home sales in Mesa have decreased to start 2023, going from 363 in December to 347 this month. Total sales for January are the lowest they have been in January since before 2018. Mesa home sales this month are lower than in January of last year by -25.5%.

​After decreasing for 6 straight months, the number of new listings in Mesa significantly increased to start the new year, going from 303 in December to 491 in January. With this increase of new listings in Mesa, they are now -20.7% lower than they were in January of last year. The number of homes being listed tends to trend lower this time of year, but this increase may be a good sign for 2023.

After increasing for seven straight months, the number of active listings in Mesa has decreased for the third straight month, going from 1,659 in October to 1,217 in January. Even with the decline, this is the highest inventory in January since 2019.

This decline in active listings in Mesa signifies that fewer homeowners are putting their homes up for sale, which is typical this time of year, but we should see an increase next month based on the number of new listings in January. The number of active listings is still 68.8% higher than they were in January of 2022.
 

Demand has slowed, as have the home prices, partially due to inflation and the impact of the COVID pandemic. Median home values in Mesa have decreased an average of -5.3% since January of 2022. This is the second decrease in a row. Prior to that we had not seen a decrease in at least 4 years. With interest rates ranging right around 6.5%, the demand for purchasing a home in Mesa is slowing.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the 
Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa AZ
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others."

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Mesa real estate
0 Comments

Mesa AZ Real Estate Housing Market Report - December 2022

1/8/2023

0 Comments

 

Mesa AZ Real Estate Housing Market Report - December 2022

After increasing in October, the average sales price of homes in Mesa has decreased the last two months of 2022, going from $548,933 in October to $501,649 this month. This is the lowest it has been all year, as the average sales price in Mesa started at $527,742 in January.

The average sales price per square foot of Mesa homes has decreased seven straight months after remaining the same or increasing for 29 consecutive months. The price per square foot of Mesa homes has decreased from $294/sf in May to $251/sf in December. With the decreases over the last seven months the average sales price per square foot is now less than it was in December of last year by $2/sf. This is the first year-over-year decline in at least the last three years.
 
After decreasing for four consecutive months, the days on market for Mesa has also increased seven months in a row, going from 21 DOM in May to 62 DOM in December (almost tripling). The increasing days on market for Mesa is a sign that demand is slowing as we head into the new year.
Mesa AZ homes for sale | Troy Erickson Realtor
After decreasing two months in a row, home sales in Mesa have increased to end 2022, going from 311 in November to 368 this month. Total sales for December are the lowest they have been since before 2018. Mesa home sales this month are lower than in December of last year by -41.8%.

​After increasing for two straight months, the number of new listings in Mesa have now decreased for six straight months, going from 882 in June to 297 in December. With this decrease of new listings in Mesa, they are now -43.9% lower than they were in December of last year. The number of homes being listed tends to trend lower this time of year, but they are more than 200 listings less than in December of the previous 2 years.

After increasing for seven straight months, the number of active listings in Mesa has decreased for the second straight month, going from 1,652 in October to 1,359 in December. Even with the decline, this is the highest inventory in December over the last four years.

This decline in active listings in Mesa signifies that fewer homeowners are putting their homes up for sale as we head into winter. The number of active listings is still 73.6% higher than they were in December of 2021.
 

Demand has slowed, as have the home prices, partially due to inflation and the impact of the COVID pandemic. Median home values in Mesa have decreased an average of -3.8% since December of 2021. This is the first decrease we have seen in at least 4 years, but probably even longer. With interest rates ranging right around 6.5%, the demand for purchasing a home in Mesa is slowing.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the 
Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report - December 2022
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Mesa real estate | Troy Erickson Realtor | HomeSmart
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Mesa AZ Real Estate Housing Market Report - November 2022

12/10/2022

0 Comments

 

Mesa AZ Real Estate Housing Market Report - November 2022

After increasing last month, the average sales price of homes in Mesa decreased in November, going from $548,933 in October to $509,274 this month. The average sales price of Mesa homes has decreased in five out of the last nine months, but this is the lowest it has been all year.

The average sales price per square foot of Mesa homes has decreased six straight months after remaining the same or increasing for 29 consecutive months. The price per square foot of Mesa homes has decreased from $294/sf in May to $259/sf in November. Even with the decreases over the last six months there has still been an overall increase of $8/sf since November of 2021.
 
After decreasing for four consecutive months, the days on market for Mesa has also increased six months in a row, going from 21 DOM in May to 59 DOM in November (almost tripling). The increasing days on market for Mesa is a sign that demand is slowing as we head into the winter.
Mesa AZ homes for sale | Troy Erickson Realtor
After seeing two consecutive increases, home sales in Mesa have decreased two months in a row, going from 443 in September to 310 this month. Total sales for November are the lowest they have been since before 2018. Mesa home sales this month are lower than in November of last year by -51.6%.

​After increasing for two straight months, the number of new listings in Mesa have now decreased for five straight months, going from 882 in June to 447 in November. With this decrease of new listings in Mesa, they are now -24.0% lower than they were in November of last year. The number of homes being listed tends to trend lower this time of year, but they are more than 100 listings less than in November of the previous 2 years.

The inventory of homes has caught up with demand, and that signifies that home price increases are slowing, if not leveling off. After increasing for seven straight months, the number of active listings in Mesa has decreased in November, going from 1,643 in October to 1,552 in November. With the decline, this is the second highest inventory of Mesa homes for sale over the last four years.

This decline in active listings in Mesa signifies that fewer homeowners are putting their homes up for sale as we head into winter. The number of active listings is still 77.2% higher than they were in November of 2021.
 

Demand has slowed, as have the home prices, partially due to inflation and the impact of the COVID pandemic. Median home values in Mesa have increased an average of 4.5% since November of 2021. With interest rates ranging right around 6.5%, the demand for purchasing a home in Mesa is slowing.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report - November 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Mesa real estate | Troy Erickson Realtor | HomeSmart
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Mesa AZ Real Estate Housing Market Report - October 2022

11/17/2022

0 Comments

 

Mesa AZ Real Estate Housing Market Report - October 2022

After decreasing last month, the average sales price of homes in Mesa increased in October, going from $538,169 in September to $549,590 this month. The average sales price of Mesa homes has decreased in four out of the last eight months and has been maintaining a price around $540,000 the last four months.

The average sales price per square foot of Mesa homes has decreased five straight months after remaining the same or increasing for 29 consecutive months. The price per square foot of Mesa homes has decreased from $294/sf in May to $265/sf in October. Even with the decreases in the last five months there has still been an increase of $14/sf since October of 2021.
 
After decreasing for four consecutive months, the days on market for Mesa has also increased five months in a row, going from 21 DOM in May to 48 DOM in October (more than doubling). The days on market is still fairly low for Mesa, and that means that homes in Mesa, AZ are still in high demand as we head into the winter.
Mesa AZ homes for sale | Troy Erickson Realtor
After seeing two consecutive increases, home sales in Mesa decreased in October, going from 443 in September to 391 this month. Total sales for October are significantly less than they have been in October over the previous four years. Mesa home sales this month are lower than in October of last year by -39.7%.

​After increasing for two straight months, the number of new listings in Mesa have now decreased for four straight months, going from 882 in June to 546 in October. With this decrease of new listings in Mesa, they are now -29.4% lower than they were in October of last year. The number of homes being listed tends to trend lower this time of year, so this is not out of the ordinary.

The inventory of homes has caught up with demand, and that signifies that home price increases will begin to slow. After decreasing for five straight months, the number of active listings in Mesa has increased for seven straight months, going from 695 in March to 1,631 in October (a 135% increase in seven months). This is the highest inventory of Mesa homes for sale over the last four years.

Active listings in Mesa have been trending higher the last five months, and the number of active listings is now 93.8% higher than they were in October of 2021.
 

The Mesa housing inventory has gone from very low to higher than it has been since before 2018 in a short five months and continues to increase. Demand has slowed, as have the home prices, partially due to inflation and the impact of the COVID pandemic. Median home values in Mesa have increased an average of 9.5% since October of 2021. With interest rates moving to around 7.0%, the demand for purchase a home in Mesa is slowing as we head into the winter months.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the 
Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report - October 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Mesa real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Mesa AZ Real Estate Housing Market Report - September 2022

10/18/2022

0 Comments

 

Mesa AZ Real Estate Housing Market Report - September 2022

After increasing last month, the average sales price of homes in Mesa decreased in September, going from $543,780 in August to $538,072 this month. The average sales price of Mesa homes has now increased in 16 out of the last 22 months but has also decreased in four out of the last seven months.

The average sales price per square foot of Mesa homes has decreased four straight months after remaining the same or increasing for 29 consecutive months. The price per square foot of Mesa homes has decreased from $294/sf in May to $272/sf in September. Even with the decreases in the last four months there has still been an increase of $22/sf since September of 2021.
 
After decreasing for four consecutive months, the days on market for Mesa has increased four months in a row, going from 21 DOM in May to 43 DOM in September (more than doubling). The days on market is still very low for Mesa, and that means that homes in Mesa, AZ are still in high demand as we head into the fall.
Mesa AZ homes for sale | Troy Erickson Realtor
After seeing two consecutive decreases, home sales in Mesa have now increased for two months in a row, going from 410 in July to 444 in September. Total sales for September are significantly less than they have been in September over the previous four years. Mesa home sales this month are lower than in September of last year by -28.3%.

​After increasing for two straight months, the number of new listings in Mesa have now decreased for three straight months, going from 882 in June to 658 in September. With this decrease of new listings in Mesa, they are now -11.1% lower than they were in September of last year. The number of homes being listed is decreasing which is a signal that a shift is happening in the housing market.

The inventory of homes is catching up with demand, and that signifies that home price increases will begin to slow. After decreasing for five straight months, the number of active listings in Mesa has increased for six straight months, going from 695 in March to 1,598 in September (a 130% increase in six months).

Active listings in Mesa have been trending higher the last five months, and the number of active listings is now 76.4% higher than they were in September of 2021.
 

The Mesa housing inventory has gone from very low to higher than it has been since before 2018 in a short six months. Demand is still there but increases in home prices are slowing the market. Median home values in Mesa have increased an average of 10.3% since September of 2021. With inflation rising and interest rates moving above 6.3%, there still should be more buyers looking to purchase a home in Mesa this fall, but it is slowing down.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report - September 2022
​When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Mesa real estate | Troy Erickson Realtor | HomeSmart
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Mesa AZ Real Estate Housing Market Report - August 2022

9/15/2022

0 Comments

 

Mesa AZ Real Estate Housing Market Report - August 2022

The average sales price of homes in Mesa increased in August, going from $539,293 in July to $543,780 this month. The average sales price of Mesa homes has now increased in 16 out of the last 21 months.

The average sales price per square foot of Mesa homes has decreased three straight months after remaining the same or increasing for 29 consecutive months. The price per square foot of Mesa homes has decreased from $294/sf in May to $273/sf in August. Even with the decreases in the last three months there has still been an increase of $29/sf since August of 2021.
 
After decreasing for four consecutive months, the days on market for Mesa has increased three months in a row, going from 21 DOM in May to 34 DOM in August. The days on market is still very low for Mesa, and that means that homes in Mesa, AZ are still in high demand as we head into the fall.
Mesa AZ homes for sale | Troy Erickson Realtor
After seeing two consecutive decreases, home sales in Mesa increased in August, going from 410 in July to 429 this month. Total sales for August are significantly less than they have been in August over the previous four years. Mesa home sales this month are lower than in August of last year by -33.0%.

​After increasing for two straight months, the number of new listings in Mesa decreased for the second straight month, going from 882 in June to 713 in August. With this decrease of new listings in Mesa, they are now -3.8% lower than they were in August of last year. The number of homes being listed is decreasing which may be a signal that a shift is happening in the housing market.

The inventory of homes is catching up with demand, and that signifies that home price increases will begin to slow. After decreasing for five straight months, the number of active listings in Mesa has increased for five straight months, going from 693 in March to 1,548 in August (a 123% increase in five months).

Active listings in Mesa have been trending higher the last five months, and the number of active listings is now 89.5% higher than they were in August of 2021.
 

The Mesa housing inventory has gone from very low to higher than it has been since before 2018 in a short 5 months. Demand is still there but increases in home prices are slowing the market. Median home values in Mesa have increased an average of 10.5% since August of 2021. With inflation rising and interest rates hovering around 5.5%, there still should be more buyers looking to purchase a home in Mesa this fall, but it is slowing down.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the 
Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report - August 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Mesa real estate | Troy Erickson Realtor | HomeSmart
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Mesa AZ Real Estate Housing Market Report - July 2022

8/12/2022

0 Comments

 

Mesa AZ Real Estate Housing Market Report - July 2022

The average sales price of homes in Mesa has decreased for the third time in the last five months, going from $571,498 in June to $538,739 in July. This is a fairly significant decrease, yet the average sales price of Mesa homes has still increased in 15 out of the last 20 months.

The average sales price per square foot of Mesa homes has seen back-to-back decreases after remaining the same or increasing for 29 consecutive months. The price per square foot of Mesa homes decreased for the first time in over two years going from $294/sf in May to $291/sf for June, and dropped to $281/sf in July. Even with the decreases in the last two months there has still been an increase of $41/sf since July of 2021.
 
After decreasing for four consecutive months, the days on market for Mesa has increased two months in a row, going from 21 DOM in May to 30 DOM in July. The days on market is still very low for Mesa, and that means that homes in Mesa, AZ will still be in high demand throughout the remainder of 2022.
Mesa AZ homes for sale | Troy Erickson Realtor
After seeing a slight increase in May, Mesa home sales has seen two consecutive decreases. Home sales in Mesa went from 624 in May to 408 in July. After reaching the largest number of monthly sales since September of 2020 in March, total sales for July are less than they have been since January of 2019. Mesa home sales this month are lower than in July of last year by -34.6%.

​After increasing for two straight months, the number of new listings in Mesa decreased, going from 882 in June to 817 in July. With this decrease of new listings in Mesa, they are still 8.2% higher than they were in July of last year. The number of homes being listed is decreasing, which may signify that there is a shift occurring in the housing market.

The inventory of homes is catching up with demand, and that may signify that home price increases will begin to slow. After decreasing for five straight months, the number of active listings in Mesa has increased for four straight months, going from 688 in March to 1,393 in July (a 102% increase in three months).

Active listings in Mesa have been trending higher the last three months, and the number of active listings is now 71.1% higher than they were in July of 2021.
 

The number of listings in Mesa is still low in comparison, although the number of listings is increasing. Demand is still fairly high but increases in home prices are slowing. Median home values in Mesa have increased an average of 16.5% since July of 2021. With interest rates hovering around 5.5%, there still should be more buyers looking to purchase a home in Mesa throughout the remainder of 2022.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the 
Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report - July 2022
​When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Mesa AZ homes for sale | Troy Erickson Realtor | HomeSmart
0 Comments

Mesa AZ Real Estate Housing Market Report - June 2022

7/24/2022

0 Comments

 

Mesa AZ Real Estate Housing Market Report - June 2022

The average sales price of homes in Mesa has decreased for the second time in the last four months, going from $572,243 in May to $571,498 in June. This is not a significant decrease, and the average sales price of Mesa homes has still increased in 15 out of the last 19 months.

The average sales price per square foot of Mesa homes has seen its first decrease after remaining the same or increasing for 29 consecutive months. The price per square foot of Mesa homes decreased for the first time in over two years going from $294/sf in May to $291/sf for June. Even with the decrease this month there has still been an increase of $56/sf since June of 2021.
 
After decreasing for four consecutive months, the days on market for Mesa has increased, going from 21 DOM in May to 25 DOM in June. The days on market is still very low for Mesa, and that means that homes in Mesa, AZ will still be in high demand as we go through the summer of 2022.
Mesa AZ homes for sale | Troy Erickson Realtor
After seeing a slight increase in May, Mesa home sales saw a fairly decent decrease in June. Home sales in Mesa went from 624 in May to 564 in June. After reaching the largest number of monthly sales since September of 2020 in March, total sales for June are less than they have been over the last three years. Mesa home sales this month are lower than in June of last year by -14.9%.

​The number of new listings has increased for the second straight month, going from 723 in April to 882 this June. This is the largest number of new listings in a month since before 2018. With this increase of new listings in Mesa, they are now 20.2% higher than they were in June of last year. The increase in inventory may just be because we are in the high season for home sales, or it may signify that there is a shift occurring in the housing market.

The inventory of homes is catching up with demand, and that may signify that home price increases will begin to slow. After decreasing for five straight months, the number of active listings in Mesa has increased for three straight months, going from 669 in March to 1,079 in June (a 61% increase in two months).

Active listings in Mesa have been trending higher the last three months, and the number of active listings is now 52.4% higher than they were in June of 2021.
 

The number of listings in Mesa is still low, although the number of listings is increasing. Demand is still fairly high but increases in home prices are slowing. Median home values in Mesa have increased an average of 18.2% since June of 2021. With interest rates moving closer to 6.0%, there still should be more buyers looking to purchase a home in Mesa throughout the summer of 2022.
​
​>>Click Here To See All Current Mesa Arizona Homes For Sale<<

​For more detailed stats on the Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report - June 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Troy Erickson Realtor
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Mesa AZ Real Estate Housing Market Report - May 2022

6/9/2022

0 Comments

 

Mesa AZ Real Estate Housing Market Report - May 2022

The average sales price of homes in Mesa has increased for the second straight month, going from $552,536 in April to a new all-time high of $572,243 in May. The average sales price of Mesa homes has now increased in 15 out of the last 18 months.

The average sales price per square foot of Mesa homes has either remained the same or has continued to climb for 29 consecutive months now. The price per square foot of Mesa homes increased from $283/sf in April to $294/sf for May. This is a significant increase of $64/sf since May of 2021.
 
After increasing for two consecutive months, the days on market for Mesa has decreased for the fourth straight month, going from 32 DOM in January to 21 DOM in May. The days on market is still extremely low for Mesa, and that means that homes in Mesa, AZ will still be in high demand as we head into the summer of 2022.
Mesa AZ homes for sale | Troy Erickson Realtor
After seeing a significant decrease in April, Mesa home sales saw a slight increase in May. Home sales in Mesa went from 611 in April to 625 in May. After reaching the largest number of monthly sales since September of 2020 in March, total sales for April and May have been less than in 2019 and 2021. Mesa home sales this month are lower than in May of last year by -5.9%.

​After decreasing last month, the number of new listings for May saw a fairly decent increase, going from 723 in April to 790 this May. This is the largest number of new listings in a month since March of 2019. With this increase of new listings in Mesa, they are now 7.8% higher than they were in May of last year. The increase in inventory may just be because we are in the high season for home sales, or it may mean that there is a shift occurring in the housing market.

There is still a lack of inventory based on demand, and that will only help home prices continue their upward trend. After decreasing for five straight months, the number of active listings in Mesa has increased for two straight months, going from 669 in March to 796 in May.

Active listings in Mesa have been trending higher the last two months, and the number of active listings is now 20.1% higher than they were in May of 2021.
 

The number of listings in Mesa is still low, and the lack of listings continues to drive demand and home prices higher. Median home values in Mesa have increased an average of 25.8% since May of 2021. With interest rates moving just over 5.25%, there still should be more buyers looking to purchase a home in Mesa throughout the summer of 2022.
​

​>>Click Here To See All Current Mesa Arizona Homes For Sale<<
​
​For more detailed stats on the Mesa Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Mesa real estate housing report - May 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
​
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.

​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Mesa, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Mesa homes for sale
Real estate in Mesa for sale
Homes for sale in Mesa Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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    Chandler and East Valley Blog: Troy Erickson Realtor

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    Troy Erickson

     "Real Estate is not just a job for me, it's about making a difference in the lives of others."​

    Troy has been blogging about Chandler and East Valley Real Estate in Arizona since 2006.  He stays current on local Chandler real estate by attending educational classes, and talking with title companies, home inspectors, lenders, members of the Chandler community, as well as constantly working with home buyers, home sellers, and investors within the Chandler and East Valley community.

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Troy and Mia are your Chandler Arizona Real Estate Connection - an experienced team with Diverse Solutions Realty. Troy is a licensed Realtor in the state of Arizona.
See more at: ChandlerRealEstate.weebly.com