Phoenix Home Market: Demand Up, Prices Steady | Phoenix News

Phoenix home sales are surging for five straight months, signaling renewed buyer interest—but the market’s still 30% below pre-pandemic levels. Prices have stubbornly held steady over four years, even as wages and inflation climbed, making homes surprisingly more affordable in real terms despite higher mortgage rates. Buyers now wield more power than in years, creating a tense balancing act: demand is rising, prices aren’t keeping pace, and officials watch closely as the market recovers but hasn’t yet regained full strength. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/866f5c2c7f5be003