Wednesday, March 13, 2019

How Hot Is It In The Housing Market Here in Mesa?

See for yourselves in this image from the UK's Daily Mail
LINK > https://www.dailymail.co.uk/news
America's 30 hottest real estate markets
where houses sell in less than two months - at prices above local home values
This map illustrates the top 15 hottest housing markets in America - cities where homes are purchased in less than two months, on average
Rising home prices tend to reflect shifting dynamics in a city – often signalling growing employment, rising wages or other factors - and 30 cities around the country are emblematic of that trend, a new report finds
However some markets can get 'overheated' – when list prices significantly exceed median home values
Sunnyvale, California has the hottest real estate market in America, with the average home selling in 38 days and a median list price of $1.5 million, according to a new report 
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Mesa, Arizona ranked thirteenth, with a median list price of $260,000. Homes typically sell in 51 days in this Phoenix suburb.
Gilbert, Arizon, also outside of Phoenix, came in fourteenth, with a $340,000 median list price. Homes sit on the market an average 51 days in this city.

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