The Phoenix housing market is stable, with a slight decline in active inventory but still high availability and longer selling times. Home sales dropped 3% from April, new listings fell 12.4%, and inventory slightly decreased. The median price rose 1.9% to $458,500. Buyers have more options and negotiating power, while sellers benefit from modest price gains. The market remains balanced without major shifts.
Continue to full article
Discover more from Lisa Miller Pllc
Subscribe to get the latest posts sent to your email.