Year over year, Graham County’s home values have moved lower, with the typical home value down about one-third while Arizona as a whole has seen prices hold roughly steady. Inventory has also tightened sharply compared with last year, with active listings down nearly half even as the county’s typical home value sits well below the statewide median of about $438,000.
Looking at July, the median sale price was about $199,000, while the median list price was much higher, just over $300,000, highlighting a gap between seller expectations and recent closed sales. Homes that do sell are moving quickly, with a median of only 8 days on market, even though months of supply has expanded to around 7.3 months, signaling more options relative to the current pace of sales.
Sales activity has cooled, with only 2 homes sold in July and new listings down more than two-thirds from a year ago, yet pending sales are up slightly year over year, suggesting buyers are still active. At the same time, just over half of recent sales closed above list price and the average sale-to-list ratio topped 102 percent, indicating sellers who do transact can still achieve strong results. In a Graham County market that shows both softer prices and selective competition, buyers and sellers can benefit from Agent Pronto’s help in finding an experienced local agent who understands these shifts.
