Metro Phoenix’s housing market is steadily shifting in favor of buyers, according to recent data from real estate experts. With more homes listed for sale and properties staying longer on the market, shoppers now have increased negotiating power and more choices compared to the hot seller’s market seen in prior years. Prices remain relatively stable, but the increased supply is giving buyers a better chance to find homes within their budgets.
The latest report from Arizona realtors points out that active listings are higher and sales are slowing, especially for existing homes. Additionally, the trend is expected to continue, as affordability concerns and higher interest rates keep some buyers on the sidelines—further boosting inventory levels and giving buyers leverage in negotiations.
Read the original Arizona home sales article.
