Scariest Phoenix Real Estate Charts
Happy Halloween!
The Good News
Prices aren’t falling.
The Phoenix median sold price in October was the same as in February 2022, over 2 and a half years ago = $480,000.
The Not So Good News - New home builders are NOT building "missing middle" homes.
Not because of zoning but because builders don't want to.
Pinal County is the southeastern part of metro Phoenix. A ton of new single-family homes are being built out there but not "missing middle" homes.
Click on the graphs to go to the full-size, interactive versions.
Notice how very small changes in New Listings and Solds eventually cause HUGE changes in the number of houses For Sale and house Prices (see graph above).
This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.