PHOENIX Housing Market Forecast for 2024 (from Reventure Consulting)

Are home prices in Phoenix on the verge of plummeting in 2024?

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Potentially. As there has been a big surge inventory of homes for sale on the market. With many investors and Airbnb owners looking to sell out of the Phoenix Housing Market near the top of the market.

Home values in Phoenix have corrected by about 6% from their peak in mid-2022. However, they could have much further to fall if inventory keeps increasing.
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