Mesa AZ Real Estate Housing Market Report - September 2021
After decreasing to an all-time low of 20 days on market in June, and increasing over the last two months to 25 DOM in August, the DOM for Mesa in September decreased back down to 24. This is the seventh straight month Mesa DOM has been at or under 25, which is extremely low, and means that homes in Mesa, AZ are still selling very fast!
There is still a lack of inventory based on demand, and that will only help home prices continue their upward trend. The number of active listings continues to increase from 1,263 in August to 1,278 in September. This is at least the fifth straight month that active listings in Mesa have increased. Since active listings have continued to increase, the number of active listings in Mesa is now greater than in September of 2020 by 1.6%. For the second straight month this year, there are more Mesa homes being listed for sale than compared to the same month last year.
The number of listings overall 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 24.4% since September of 2020. With interest rates remaining near 3.0%, there still should be more buyers looking to purchase in Mesa throughout the rest of this year.
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.
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.