Phoenix Metro Area Housing Market Is Hot, and Will Stay Hot In 2021!
The Phoenix Metro area ranks as the #6 hottest housing market in the U.S. positioned for growth in 2021. This is according to Realtor.com's recent Top Housing Markets Report for 2021.
Realtor.com predicts a year-over-year sales growth for the Phoenix Metro market of 11.4% in the coming year, and a price growth of 7.0% year-over-year. The median home price for Phoenix Metro is $412,260.
According to Realtor.com, "home buyers, particularly first-time buyers, looking in one of these markets should expect rising prices and heavy competition. Meanwhile, sellers will remain in a position of power, but will find themselves on the other side of the bargaining table when buying their next home." This is very similar to what we have seen over the last couple of years here in the Phoenix Metro area.
The Phoenix Metro area has long been a magnet for retirees, with active adult communities such as Sun Lakes, and has recently become more popular with young buyers looking for jobs, an active outdoor lifestyle, and affordable living. With over 400 golf courses, hundreds of hiking and biking trails, and over 320 days of sunshine, every day is a great day to be active outdoors in the Phoenix Metro and East Valley area.
The report also notes, "Phoenix (and the surrounding East Valley) offers residents all the big city amenities of shopping, dining, and entertainment, without the traffic of larger metropolitan cities." It goes on to say that the Phoenix Metro and East Valley areas have a diverse list of large employers in both the public and private sectors, including the fields of technology, manufacturing, military, and healthcare.
Thinking About Moving To The Phoenix Metro Area?
The Phoenix Metro and East Valley areas are consistently ranked among the top moving destinations and have several of the fastest growing cities in the United States, including Chandler and Gilbert. If you're thinking about a move to the Phoenix Metro or East Valley area, see our free Phoenix AZ relocation guide Today. It's full of useful and important information about life in the Phoenix Metro area and its many East Valley neighborhoods. Plus it's a great way to begin discovering what the Phoenix Metro area is all about, and everything it has to offer.
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THINKING OF SELLING YOUR HOME?
Curb appeal is just one of the many ways that can help see your home. Check out this article that provides you with ways to enhance curb appeal to sell your home faster
Troy Erickson Realtor has been opening doors for families moving to and within the Greater Phoenix and East Valley area since 2006. If you are considering relocating within the Phoenix Metro, or East alley area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how the right Real Estate agent can make all the difference.