Metro Phoenix’s housing market has experienced notable shifts over the past year, with home prices rising in some neighborhoods while dropping in others. According to recent data, east Valley areas like Ahwatukee, Tempe, and Chandler have seen some of the biggest price increases, fueled by heightened demand and tight inventory. On the other hand, parts of the west Valley—including Glendale and Avondale—are among the regions where home prices have cooled, reflecting a slight increase in available properties and a moderation of buyer activity.
Industry experts suggest that factors such as local job growth, neighborhood amenities, and proximity to employment centers play major roles in these trends. Despite overall market fluctuations, Phoenix remains a dynamic real estate market, and buyers and sellers are advised to keep an eye on neighborhood-level data to make informed decisions.
Read the original Arizona home sales article.