Housing Market Phoenix 2024. Highlighting an astounding 43% increase in homes under contract in just four weeks since january, hague projects that phoenix metro home prices will rise by roughly 10% in 2024. If lower interest rates give metro phoenix’s housing market a boost, it will start to show up in january’s sales.
The median listing home price per square foot was. The valley’s housing market is expected to have a strong 2024.
March Pending Sales Seem To Align With Hague's Upbeat Perspective, Projecting That Valley Home Prices Could See A 6% To 8% Lift In 2024, Potentially Outpacing Interest Rates.
A year later, in october 2022, the percentage of active listings with price drops had risen to.
The Percent Of List Price Received Is Steady At A Hair Under Asking Price, 98.1 %.
Predictions for the phoenix real estate market through 2024 and into 2025 suggest that the market could accelerate over the coming months.
As Of January 2023, The Median Sale Price For A Home In Phoenix Was $425,000, Marking A 4.5% Decrease From Last Year And A $61,000 Price Drop.
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Report Updated 25 Days Ago.
Zillow research • nov 30 2023.
While Real Estate Markets Can Be Influenced By Various Factors, The Current Data Points Towards Stability And Growth In The Phoenix Housing Market.
Looking ahead, the forecast anticipates a more significant rise of 1.2% by april 30, 2024, and a substantial 6.3% surge by january 31, 2025.
Zillow Predicts More Homes For Sale, Improved Affordability In 2024.