Phoenix’s Housing Market Cools as Inventory Rises and Buyer Demand Weakens
Key Takeaways Phoenix's housing market is facing increased inventory and weakened buyer demand. Homes are staying on the market longer, averaging 59 days, which is causing concern among sellers. Despite stabilized mortgage rates, the lack of affordability persists, and buyers are hesitant. The Shifting Landscape of Phoenix Real Estate Phoenix's housing market stands on shaky ground. Inventory climbs like a rising Phoenix, and buyer demand falters. Homes linger on the market an average of 59 days, amplifying sellers' fears. Median prices rise sparsely, creating a desert-like drought of affordability. Stabilized mortgage rates offer cool hydration, but urgency evaporates under the Arizona sun. Deteriorating allure in cheerless times calls investors to tune into upcoming tectonic shifts for survival. More insights await those who remain vigilant. Cooling Phoenix Housing Market Dynamics A storm brews over Phoenix's once-blazing housing market, threatening to douse its fiery...
