Is Phoenix a good place to relocate to?

Moving to Phoenix right now could mean getting a home for a better price than last year. The median listing price is down 5.1% from last May, now at $498,000. While prices are a bit lower, homes are staying on the market longer. They're spending 60 days on average before going under contract, which is about four days more than last year. Even with longer market times, fewer homes are actually available for sale, with 4.1% fewer active listings compared to last year. This can make finding the perfect home a bit tougher. However, there are more new homes coming onto the market, up 9.5% from last year. This means you'll have fresh options to look at, which can be helpful if you're actively searching. For you as someone looking to relocate, there are more new listings appearing, but homes are taking a bit longer to sell. This gives you a chance to explore more options and potentially negotiate, especially with prices being down compared to last year.