In Phoenix, the median home sale price is $458,724, up 0.6% year-over-year but down 2.4% month-over-month, marking a 67.4% increase since 2019. Nationally, the median price is $396,173, rising 2.4% year-over-year and 1.6% month-over-month, with a 55.4% increase since 2019. The housing market is gradually resetting with affordability expected to improve as price growth slows and wages rise.
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