Should I move to Phoenix?

There are a few things to consider if you're thinking about moving to Phoenix. Home prices have gone down recently, but there are fewer homes to choose from compared to last year. If you're thinking about moving, let's look at some of the latest housing numbers. The typical home in Phoenix is listed at $489,500. This is 1.7% less than the previous month and a 5.9% drop from last year. The average price per square foot is $269, which is 2.0% less than last year. The number of homes for sale right now in Phoenix is 18,728. This is 3.4% fewer homes than there were at this time last year. However, new listings have increased by 6.6% over the past year, with 6,868 new homes coming on the market. Homes in Phoenix are staying on the market for about 64 days before getting an offer. This is slightly less time than last year. Also, fewer sellers are cutting their prices, with 28.7% reducing their price, a 4.4% decrease from last year. Considering these numbers, if you are looking to buy, you might find prices a bit lower than last year, but there isn't a huge selection of homes. It's a good idea to research neighborhoods and work with a local agent familiar with the area.