Inventory in Willo has grown over the past year, with about 75 active listings in this rolling three-month view, up nearly 10 percent year over year. New listings, however, are down around 7 percent from a year ago and pending sales have dropped more than 25 percent, signaling slower contract activity. Homes sold are also down year over year by roughly 15 percent, even as they move through the market more quickly.
Pricing has softened slightly compared with last year, with the typical home value down about 2 to 3 percent even as the median list price is up just over 3 percent. Sellers are still getting strong results overall, with the average sale-to-list ratio close to 99 percent and the share of homes selling above asking up more than 25 percent from a year ago. Compared with Phoenix as a whole, Willo’s typical home value remains substantially higher, while the broader city shows a slightly smaller price dip year over year.
Days on market have shortened dramatically in Willo over the past year, dropping to a median of just two weeks in this rolling three-month period, and roughly 37 percent of homes are going under contract within two weeks. Months of supply has nearly doubled year over year to about 4.4 months, which is higher than Phoenix overall but still aligns with a seller-leaning environment. Buyers and sellers who want to navigate these shifting conditions can turn to Agent Pronto to connect with a local agent who understands the Willo market.
