In June, home prices fell slightly from the month before, with a median listing price of $490,000.
The number of listings on the market shrank 4.2%, which is a bigger decrease than normal for this time of the year in Mesa, and homes are also selling slower than at the same time last year.
Home prices in Mesa
Typically, home price per square foot in Mesa tend to rise in June. But the most recent data shows that the price per square foot decreased by 0.1% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.4%, which means price changes in the High-Tech Oasis are outpacing the national market.
Mesa inventory
In June, there were 1,452 homes for sale in Mesa, which was 4.2% less than the month before and 54.4% more than the same time last year.
Meanwhile, active inventory across the nation rose by 4.5% from last month to 1,082,520.
The number of new listings in Mesa was 544, which was 5.6% less than the month before and 1.4% less than the same time last year.
Nationally, the number of new listings fell by 2.7% from last month to 452,414.
Time on market
Homes in Mesa take an average of 61 days to sell, according to June figures.
This is eight days more than the previous month and four days more than the same month last year.
For comparison, nationally homes spent an average of 53 days on the market in June.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Mesa, AZ.