How long do homes take to sell in Phoenix?

It takes about 67 days for a home to sell in the Phoenix area right now. This is a bit quicker than it was a year ago. Homes are spending less time on the market. Compared to last year, homes are selling about 4.3% faster. This means buyers are making decisions a little more quickly now. The median listing price is currently $475,000, which is slightly down from last month and also lower than it was a year ago. About 27.6% of homes have had their prices reduced, suggesting sellers are adjusting their expectations. There are 17,707 active listings, which is a bit more than there were last year. However, the number of new listings is similar to last year, at 6,104. This means there