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As supply shifts, here's how home prices are trending in Phoenix market

Wednesday, May 8, 2024   /   by Juan Grimaldo

As supply shifts, here's how home prices are trending in Phoenix market

Home prices continue to rise nationally, but several metros that once ranked among the nation's hottest housing markets are now seeing price cuts.

That’s according to new data from residential real estate brokerage firm Redfin, which revealed year-over-year listing volumes swelled roughly 50% in some metros.

Listings have increased in Phoenix, too, with 12.99% more new listings this year than last year and 4.61% more active listings year-over-year, with a total of 25,550 homes on the market at the start of March.

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By Joanne Drilling – National Data Reporter

The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346



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