Is Phoenix a good place to relocate to?

There are a few things to consider if you are thinking about relocating to Phoenix. Home prices have recently dropped a bit, but there are more homes available now than there were last year. People are also finding homes a little faster. Many homes are seeing price drops, which could be good news for buyers. However, fewer homes are going under contract. You’ll want to weigh these factors. If you’re thinking about moving to Phoenix, the median listing price for a home right now is $475,000. This price has gone down by 1.4% from the prior month and 4.8% compared to last year. This means homes are a bit more affordable than they were before. There are 17,707 active listings, which is 5.2% more homes available than last year. This increase in choices could be helpful if you’re looking to buy. Homes are selling a bit quicker too, with the median days on market at 67 days. This is 4.3% faster than the same time last year. However, about 27.6% of homes have had their prices reduced. This suggests that sellers are willing to negotiate. About 6,080 homes are currently under contract. This number is lower compared to the number of active listings, and the ratio of pending to active listings has dropped by 2.7% from last year, indicating that fewer homes are moving off the market into a pending status. If you are relocating, the current market trends suggest that you might find more options and potentially better deals on homes. You could also find a home a bit faster than people did last year.