Real Estate Market Update for
86323 (Chino Valley, AZ)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 13% from one year earlier, and up 50% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 125%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 220-thousand dollars. The number of units sold increased 400% year-over-year, and decreased 17% 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.