The Mesa housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Mesa currently stands at $462,000. With 3.4 months of supply, Mesa's inventory levels remain relatively tight. Homes are taking about 54 days to sell, which is 12 days longer than this time last year. A significant 25.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 14.5% of properties sold above asking price, giving buyers more negotiating power. Looking ahead, the Mesa market is expected to maintain its current trajectory with relatively stable conditions.
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