Overall, the real estate market in Phoenix, AZ has been experiencing strong growth and high demand in recent years. As of April 2023 we are still not seeing enough homes for sale to meet the demand
Real Estate Market in Phoenix, AZ
Dated: April 10 2023
Views: 95
Overall, the real estate market in Phoenix, AZ has been experiencing strong growth and high demand in recent years. As of April 2023 we are still not seeing enough homes for sale to meet the demand for housing. This trend may continue in the future as more people choose to relocate to the area. New home starts have declined as well as builders are still playing catch up from supply and labor shortages. However, with that said, there are some great opportunities at some builders as they have completed homes that the buyer for their home are not able to qualify as the interest rate changed from the time of their orginal purchase, creating an opportunity for others.
It is important to note that real estate markets are always "local" and often not what you might read about in National news. If you are considering a buy or sell in the greater Phoenix area, it is always good to drill down to the zip code or neighborhood of the area of interest to see what is specifically happening in that area.
I would be happy to be your trusted real estate advisor.
Tiffany Drejza
Hi, I’m Tiffany Drejza—a seasoned, full time, real estate professional with a passion for helping clients buy and sell their homes with confidence. A Valley native with over 37 years in the market....
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