Homes are selling quickly in Mesa, judging by the median number of days a home stays on the market:
- The last 5 months' medians have all been 35 days or less.
- The median home was on the market 33 days in July 2018, compared with 38 days a year earlier. (That's 13% faster, for you math guys out there..)
- Even more is the 36% reduction in time on market since the beginning of 2017. The median home sold in 52 days in January 2017.
We'll see what happens with the slow half of the year coming up, and with interest rates continuing to move higher. But for the time being, there's no other way to put it other than to say homes are selling quickly in Mesa.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.