Arizona’s real estate market has been experiencing a resurgence, with home prices climbing steadily despite broader economic concerns. A combination of limited housing inventory and continued demand from both in-state buyers and people relocating from higher-cost regions has led to upward pressure on prices. Cities like Phoenix and Tucson are seeing notable upticks, with some areas posting double-digit percentage gains compared to last year.
Industry experts note that while interest rates remain relatively high, buyers seem undeterred, particularly investors and remote workers seeking affordable living coupled with quality of life. New construction has not kept pace with demand, further straining supply. Despite affordability challenges, Arizona remains an appealing destination — pushing home prices ever higher as a result.
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