Phoenix Housing Market Turns Favorable for Buyers as Inventory Soars and Prices Dip
After years of soaring prices and intense competition, Phoenix homebuyers are finally gaining leverage in the housing market. Inventory has surged, with nearly 20,000 active listings—double what was available in early 2023. This increase has cooled the market, giving buyers more options, reducing bidding wars, and leading to more price cuts. While mortgage rates remain…