Is Phoenix a good place to relocate to?

Really thinking about moving to Phoenix? The housing market there shows some interesting trends that could work for you, especially with prices easing up a bit. You'll find more homes to choose from than there were last year, which is always helpful when relocating. If you're considering a move, here's what the latest data tells us. The median listing price in Phoenix right now is $475,000. This price has stayed the same in the most recent month but is down by 4.8% compared to last year. This means homes are listed for less money than they were a year ago. You’ll also see more homes on the market now, with active listings up by 7.5% over the past year. This increased selection means more options for you to explore. Homes are also selling a bit faster, with the median time on market at 62 days, nearly 5% quicker than last year. Nearly a third of homes, 29%, have had their prices reduced, which is slightly more than last year. This shows that many sellers are willing to adjust their asking prices. The average price per square foot is $264, which is also a little lower than it was a year ago. For someone thinking about moving to Phoenix, these numbers suggest you might have a good opportunity to find a home that fits your budget. With more homes available and prices having softened, you could have more negotiating power when you start looking.