What are the best neighborhoods in Phoenix for families?

There are no specific neighborhood data points on best neighborhoods for families in Phoenix. However, I can explain the current housing market trends in the Phoenix-Mesa-Chandler metropolitan area. This information will help you understand the overall market as you look for a family home. The median listing price in the area is currently $498,000. This price is slightly down by 0.2% from last month and 5.1% lower than last year. This trend means homes are, on average, a little less expensive than in previous months and significantly less expensive than a year ago. There are 19,514 homes actively listed for sale. This number is 4.1% lower than last year, meaning there are fewer homes to choose from compared to a year ago. However, 7,444 new homes came on the market, which is 9.5% more than last year, giving you more fresh options to consider. Homes are staying on the market for 60 days before selling. This is 3.5% longer than last year, which gives you a bit more time to make decisions. Fewer homes are seeing price drops, with 28.2% having a price reduction, which is 3.1% less than last year. With 7,912 pending listings, it means homes are still going under contract. The general trend of stable prices and more new homes listed suggests a balanced market. This could be a good time to look for a home, as you might have more options and a little more time to decide.