Phoenix Median Single-Family House Sold Price Down $40,000 in 4 Months
The End of FOMO. Phoenix median single-family house prices will probably match year-earlier levels by December or January. And then for the next 6 months, the real estate storyline will be that house prices are lower than a year ago. That could really change the expectations for future house prices and any remaining buyer urgency.
But while “cooling off” is too strong a word to describe national performance, it appears to be an accurate description of Phoenix.
Don’t look at Phoenix.
Click on the graphs to go to the full-size, interactive version.
Notice how very small changes in New Listings and Solds eventually cause HUGE changes in the number of houses For Sale and house Prices (see graph above).
This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.
- Phoenix Weekly Market Updates 2022
- Phoenix Weekly Market Graph (only)
- Long-term Phoenix real estate market graphs