Tight competition for homes makes Maricopa a seller’s market
by Dayv Morgan | inMaricopa
from Zillow
This spring, Maricopa home sellers have been happy and home buyers have been frustrated as the marketplace has become very competitive.
Even though the stock market has seen significant decreases in recent months, home prices are headed in the opposite direction. The supply of homes for sale has been at its lowest point in many years. In response, prices have climbed to levels they were at during the peak of 2006.
Currently, the lowest-priced four-bedroom on the market is listed at $224,900. Last spring, you could get a four-bedroom home for as low as $178,000. Bidding wars have resulted in offers above the asking price. Appraisals aren’t keeping up, and many buyers still end up having to pay more than the bank is willing to lend.
