Updated the Long-Term Monthly Graphs. Metro Phoenix median real, inflation-adjusted home price of all homes sold via the MLS in April. Phoenix Real Median Price Up 2% from February
So as long as inventory stays at historically low levels, prices will hold up. If we have a recession and people are required to sell as a result of job losses, reduction in travel and lower vacation rentals, etc., look out below.
So as long as inventory stays at historically low levels, prices will hold up. If we have a recession and people are required to sell as a result of job losses, reduction in travel and lower vacation rentals, etc., look out below.