Queen Creek’s housing market headed into fall with sharply fewer buyers signing contracts, fewer owners putting homes up for sale and prices edging lower as rising mortgage rates add another obstacle for prospective buyers.
Pending home sales in Queen Creek plunged 31.1% in August from a year earlier, according to Phoenix Realtors, while closed sales fell 7.3%.
The median sales price declined 3% to $683,853, and homes that sold spent an average 107 days on the market…