Home Sales Continue Their Rise

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The monthly median sales price for greater Phoenix is up 4.6% year over year to $266,000, so buyers and sellers should still expect a relatively competitive market.
A Market in Flux

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Home supply is still below average, and demand for homes is well below this same time last year.
Gradual Market Slowdown

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The residential real estate market has continued to slow gradually, due mostly to rising interest rates and prices.