Should I move to Phoenix?

Moving to Phoenix right now might offer some advantages as prices have cooled a bit. However, there are still many homes on the market, so you will have choices. Overall, the market shows some signs of softening for buyers. The median listing price in Phoenix is currently $475,000. This is down a little from last month and also lower than it was over the past year, which could mean more affordable options for you. There are a good number of homes for sale, with 17,707 active listings. This supply has increased over the past year, so you won't be scrambling to find properties. You'll likely have more time to look around. Homes are selling a little faster than they were, with a median of 67 days on the market. This means while there's inventory, desirable homes are still finding buyers fairly quickly. Also, about 27.6% of homes have had their prices reduced. For you as someone considering a move, these trends suggest that while competition isn't as fierce as it once was, homes are still moving. You might find a good deal, but be ready to make a decision when you find the right place.