Despite higher interest rates, Maricopa home prices increased by more than 8% in the last year, reaching an average of $347K. This shows that buyers are still eager to purchase homes in this area. However, with limited supply and high demand, homes sold quickly and often above the asking price—98.7% of them, to be exact. In 2024, as interest rates drop, the market will become more balanced between sellers and buyers. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐭𝐡𝐨𝐮𝐠𝐡𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝐧𝐮𝐦𝐛𝐞𝐫𝐬? #TucsonLiving #PhoenixHomes #realestatebroker #RealEstateTools #ArizonaRealEstate #realestateagent