Sometimes headlines like “Existing-Home Sales Climb Record 20.7% in June” make Fletcher Wilcox laugh. This was one of those times.
Existing-home sales rebounded at a record pace in June, following three consecutive months of sales declines, the National Association of REALTORS® reported.
Wilcox, a VP at Grand Canyon Title Agency, recently moderated his third Influencer Marketing series for Scottsdale REALTORS® and as usual, he led with local market trends.
“Maricopa County was way above the national average with 40.6% — nearly twice as good,” he smiled over Zoom. “Which is why you need to compare local data against national stats — because we may be doing better, or worse, than national numbers.”
Maricopa County even outdid NAR’s regional breakdown which showed existing-home sales in the West1 increased 31.9% in June, with a Median price of $432.6K compared to our more affordable $340K.
1NAR uses the U.S. Census Regions (West = AZ, CA, CO, ID, MT, NM, NV, OR, UT, WA, WY)