2018 Real Estate 🏠 Market Results and 2019 Predictions for Maricopa County. 🌵
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Single Family Home sales in 2018 were 68,101 which was about equal to the 68,497 homes sold in 2017.
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Median home prices set an all-time high of $294,900!
This will most likely climb over $300k by the 2nd quarter of 2019.
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March-August continue to be the peak buying months in the valley, making up about 58% of total sales.
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The population of Maricopa County has increased by 155,000 the last 2 years, ranking #1 in the country.
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Job growth continues to drive the population increase. There were 272,600 more people employed in 2018 vs 2013. Forecasts show an additional 65,000 employed by the end of 2019!
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To summarize, due to the increase in population and jobs in Maricopa County, the real estate market shows no signs of slowing down any time soon! Don't sit on the sidelines in 2019, waiting for the next downturn.
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Maricopa County Real Estate Market Forecast
