This is a great chart showing the Median Sales Price in Mesa, by quarter, over the last few years. Notice we basically have 3 flat lines, with each one being a little bit higher on the chart than the last one. This shows that each year, prices tend to move higher in the 2nd Quarter and then remain basically flat for the next 3 quarters.
The median sales price was $273,500 in Q1, up 6% from $258,000 in Q1 2018 and over 26% from $216,000 in Q1 2016.
We should be starting to see prices increase this month, if things hold to trend again this year. Feel free to drop me an email if you want to share anecdotal information - otherwise I’ll have to wait to see what the data shows over the next couple of months.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.