Phoenix Housing Market Update July 2024 | Key Trends, Price Changes & Expert Tips

🌟Welcome to Merrill's Monday Morning Market Madness! In this video, we dive into the latest updates on the Phoenix housing market for July 2024. Discover how the market performed, key trends, and what these changes mean for you if you're considering buying or selling real estate in Phoenix, AZ.

📊 Highlights:

Current Listings: 17,705 active listings, 6960 pending, and 5730 closed in the past 30 days.

Market Shifts: Slight dip in prices and inventory stabilization.

Year-over-Year Insights: Sales growth, price fluctuations, and market resilience.

Future Predictions: Impact of mortgage rates and upcoming election cycles on home values.

Get the inside scoop on the Phoenix real estate market and learn how to navigate it smartly. Whether you're a buyer or a seller, these insights are crucial for making informed decisions.


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