Phoenix Housing Market Predictions 2024. Looking ahead to 2024, there’s a. Economists from bank of america predict that house prices will remain high until 2026.
In may 2024, phoenix home prices were up 5.5% compared to last year, selling for a median price of $462k. Learn more about the phoenix housing market and real estate trends.
Economic Recap And Federal Reserve Actions.
The average home value in phoenix, az is $431,920, up 5.5% over the past year.
What Should We Expect As We Head Into 2024?
Despite predictions that market conditions would change in 2024, home sales remain low, interest rates remain high and home prices keep rising.
A summary of the monthly report produced by yardi matrix, which analyzes the u.s.
The Phoenix Housing Market Saw Slightly Increased Prices In 2023, And One Expert Predicted That The Market Could See New Record Highs In The Coming Year..
Here’s our 2024 forecast for arizona housing market are: