Property Sell Out For In Phoenix
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Is Phoenix, AZ a buyer's or seller's market? At the same time last year, Phoenix was a Seller's Market. Phoenix is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Interest rates for 30-year mortgages should stabilize around 6.5% in 2025. A housing market crash is not on the horizon. Housing inventory will likely still be low in 2025, and demand could increase. If you're financially ready to buy now, don't wait.
Late spring and up to July are considered the home-selling months. You can sell faster and earn higher sale proceeds during this time of the year.
Metro Phoenix Forecast To Be One of Top 10 Housing Markets in 2025 –The Arizona Republic/AZ Central. A forecast calls for metro Phoenix to be one of 10 housing hot spots in 2025. This comes on the heels of a lackluster year and a half for home sales and prices in the Valley.
Phoenix's rental market is expected to remain strong through 2025. Rent prices are likely to keep rising. Higher home prices and mortgage rates may push more potential buyers into the rental market.
The Phoenix housing market is projected for steady growth in 2024 and 2025, with home prices continuing to rise, strong rental demand, and low vacancy rates.
The metro Phoenix foreclosure rate was 3.09 percent, which ranked the area at No. 17 in the nation. Both Arizona and Phoenix have notably higher foreclosure rates than that of the nationwide figure, which fell slightly to 1.39 percent for the year.
Because demand for properties decreases at this time of the year, houses sell at lower prices, making December and January the worst months to sell a home.
Metro Phoenix forecast to be one of top 10 U.S. housing markets in 2025. A forecast calls for metro Phoenix to be one of 10 housing hot spots in 2025. This comes on the heels of a lackluster year and a half for home sales and prices in the Valley.
Since last year, Phoenix has remained a Seller's Market. Phoenix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
