Home prices in the Phoenix area are showing modest growth as the real estate market begins to stabilize following recent fluctuations. According to the latest data from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, the Phoenix metro saw a 1.9% annual increase in home prices. Despite the growth, the city’s housing market…
Arizona homeowners are leading the nation in price cuts as the state’s real estate market cools off. According to recent data, sellers in cities like Phoenix are slashing asking prices more frequently than in other metro areas, with almost 43% of active listings in the Phoenix region experiencing a reduction. Rising mortgage rates and increased…
After a period of volatility, the Phoenix housing market is showing signs of stabilization, with home prices experiencing modest growth. According to the latest data from the S&P CoreLogic Case-Shiller Index, Phoenix saw a 1.1% year-over-year increase in home prices as of March 2024, signaling a return to more typical market conditions. Industry experts say…
Home sellers in Arizona are making more price cuts than those in any other state, according to recent housing market data. In areas like Phoenix, nearly 44% of listings saw price reductions over the past month, signaling a shift as high mortgage rates and cooling demand have slowed the market. By comparison, about 36% of…
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Phoenix home prices have shown a modest increase as the housing market steadies following the rapid fluctuations of recent years. According to recent data, home prices in the metro area rose by just under 2% over the past year, suggesting a shift toward more normalized market conditions. Experts report that the market is seeing a…
Home sellers in Arizona are leading the nation in cutting listing prices as the housing market cools. According to recent data, nearly 43% of Phoenix-area home sellers reduced their asking prices, more than any other major metro in the U.S. Experts cite rising mortgage rates, decreased buyer demand, and a surplus of homes on the…
Home prices in the Phoenix metro area are experiencing modest growth as the housing market begins to stabilize, following several years of volatility. According to the latest S&P CoreLogic Case-Shiller report, Phoenix home prices rose just over 1% year-over-year, a stark contrast to the double-digit increases seen during the pandemic boom. Experts suggest this slower…
Arizona home sellers are leading the nation in reducing asking prices as the real estate market cools. According to recent data, nearly 45% of homes for sale in metro Phoenix saw price cuts this summer—higher than any other metro area in the U.S. This trend comes as elevated mortgage rates and rising costs have sidelined…
Phoenix home prices have shown modest growth as the housing market begins to normalize following the rapid fluctuations of recent years. According to the latest data from Arizona Regional Multiple Listing Service, the median sales price of a home in the Phoenix metro area rose less than 1% from the previous month, reaching $445,000 in…