How much should I offer on a home in Phoenix?

{ "answer": "When making an offer on a home in Phoenix, consider that the median listing price is \$475,000. Prices have seen a slight dip recently, so there might be room for negotiation.\n\nRight now, about 27.6% of homes have had their prices reduced. This means nearly one in three sellers has already lowered their asking price, which could give you more power as a buyer.\n\nHomes are staying on the market for 67 days on average before going under contract. This gives you a decent window to find a home and make an informed offer without feeling rushed.\n\nWith over 17,700 homes currently for sale, you have a good selection to choose from. This larger number of available homes means less intense competition among buyers.\n\nLook at homes that fit your budget and observe how long they've been listed, and if their prices have been cut, to help guide your offer." }