As of February 2025, the Phoenix real estate market is experiencing notable shifts influenced by various factors:
Home Prices and Sales:
Inventory and Market Conditions:
Rental Market:
Mortgage Rates:
Market Outlook:
In summary, the Phoenix real estate market in February 2025 is characterized by rising home prices, increased inventory, and a shift toward a buyer's market. While rental prices have slightly decreased, the overall market remains dynamic, with mortgage rates and inventory levels playing significant roles in shaping current trends.
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