Laveen Condos

An In-Depth Look at the Laveen Condos Market

The Laveen condos/townhomes/patio homes market, as of May 5, 2025, presents an intriguing picture of changing trends and dynamics. Currently, there are 11 active listings, which is a decrease from 16 listings three months ago, indicating a potential tightening in supply. However, the current months of inventory stands at 5.5 months, up from 4.4 months three months ago, reflecting a shift towards more supply than demand, characteristic of a balanced market environment.

The average sold price for listings recently closed is about $364,963, a price point that is consistent with the market over the past months. The recent sales prices show a subtle stabilization compared to $372,990 six months ago, emphasizing less volatility despite fluctuations in listings. An interesting point to note is the Days on Market (DOM), which is currently at 165 days—a pronounced shift upwards from 117 days just three months prior from a notably quicker 105 days six months ago.

This increasing DOM might reflect more cautious buyer sentiment, as homes are taking longer to sell, which could encourage sellers to adjust their pricing strategies. Furthermore, while there are no Coming Soon listings, the number of pending listings is currently 7, suggesting active market engagement even with a manageable number of active properties.

Overall, as the market evolves, buyers are advised to consider this increased time on the market as a possible negotiation point, while sellers might need to adjust their pricing curves to align more closely with buyer expectations amid these metrics. With a careful approach, both parties can effectively navigate the current real estate landscape in Laveen.