Queen Creek Real Estate- Market Statistics for June 2008
Currently there are 1826 active listings showing an 7% increase in inventory from last May. The current absorbtion rate or supply of homes in Queen Creek is 5.24 months.
For the month of June
New Lisings: 576
Pending Sales: 397
Sold Homes: 348
Queen Creek Real Estate- Listing Status June 2008
The average sales price for homes in Queen Creek actually increased in the month of June from $168k to 174k.
The next 2 charts show New Listings vs Sold Homes and List Price vs Sales Price. There is a small difference between list price vs sale price, which means homes are being priced to sell in Queen Creek. A larger percentage of homes in Queen Creek are short sales or REO (bank owned) homes that are being aggessivley priced to sell quickly and many are getting multiple offers.
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