We're seeing some notable shifts in Phoenix real estate right now. With active listings up 5.2%—largely due to more unsold homes—buyers have a wider range of options to consider. Median home prices have dipped 4.8% to $475K, and nearly 28% of listings have reduced their prices. Homes are also taking a bit longer to sell, spending an average of 67 days on the market, which is above the national average. As your local Incyte Realty team, we understand how these changes can impact your home search or sale. Our focus is always on helping you find the address that fits your dreams, while making the process meaningful and smooth.
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