Closed home sales rose last month in Mesa year over year as both average and median sale prices nudged slightly down from January 2025.
The total of 73 homes sold last month represented a 9.2% increase over the January 2025 total, according to data from Phoenix Realtors, the Valley’s largest association of real estate professionals.
The median sales price dipped 2.1% year over year to $475,000 while the average sale price of $549,262 was 1.4% lower than that of January 2025, according to Phoenix Realtors.
While sellers received 97.7% of their asking price last month – almost the same as January 2025 – they waited longer to close the deal.
Average days on the market rose by 7.4% to 73.
Both new listings and pending sales last month dropped year over year, although the total inventory of homes for sale remained virtually the same as it was in January 2025 with 1,166 houses on the market…