Phoenix Real Estate News

The extreme seller's market is officially over! How quickly the tables have turned. Buyers - home buying just became fun again.

As the competing housing supply continues to rise sharply, certain sales measures are expected to start changing rapidly.

It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40% from this time last year.

Currently, April 2022 closings to date have seen 57% of closings over asking price and a 22% appreciation rate compared to April 2021 thus far.

This Phoenix housing market update for March 2022 features the stats buyers and sellers need to know and explains what they mean.

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