home price trending: Return to "NORMAL MARKET" in Phoenix Real Estate
- 09/25/22 10:27 PM
Home SOLD prices have dropped for the third consecutive month in September (based on contracts) to $440K median and we have returned to a NORMAL REAL ESTATE MARKET with the average listing taking 42 days to close per Arizona Republic real estate reporter, Catherine Reagor in an article dated today September 25, 2022. Reagor reports, "More good news for metro Phoenix homebuyers." ...."Valley home prices are on track to fall again in September, after dipping in August and July. But the reprieve for buyers shut out by an overheated housing market during the past few years comes as mortgage interest rates climb to the … (2 comments)
home price trending: Expect May 2022 RECORD Selling Price Phoenix Metro
- 05/02/22 11:06 PM
Another RECORD? No NOT that type of record that spins. Many home buyers have been sitting on the fence trying to time the market for the best home price and mortgage rate. Those that have put it off buying during the past 3 years have lost the opportunity to see massive appreciation with a home value expected to reach a RECORD median high price in May to $475,000 in the Phoenix Arizona metro area. Mortgage rates (30 years) have increased from 3.11% median in December to over 5% in May 2022. The time may be now to buy with further increases … (0 comments)
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
Home SOLD prices have dropped for the third consecutive month in September (based on contracts) to $440K median and we have returned to a NORMAL REAL ESTATE MARKET with the average listing taking 42 days to close per Arizona Republic real estate reporter, Catherine Reagor in an article dated today September 25, 2022. 
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