Real Estate Market Update for
85377 (Carefree, AZ)
Video: Real Estate Community Tour for 85377 (Carefree, AZ)
See Real estate community tour for 85377 (Carefree, AZ)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 7% from one year earlier, and down 15% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 750-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 125%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 800-thousand dollars. The number of units sold increased 200% year-over-year, and decreased 42% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.