Housing Market in the Metro

Housing Market in the Metro, Market Update, Real Estate Market

Arizona Real Estate Market Update: November 2023 — Direct Data From the Cromford Report

As Christmas approaches, the real estate market slows, prices stabilize despite interest rates rising. Supply and demand are shifting towards a buyer’s market. Job growth in Arizona is strong, but the Cromford Market Index indicates a decline in some cities. The outskirts, with new builds, signal the start of buyer’s markets, and rental prices are gradually dropping. The real estate landscape is evolving with both challenges and opportunities as we head into the new year.

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