March 25, 2025 4:15 am
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Metro Phoenix housing still hot

By Catherine Reagor | Arizona Republic

Metro Phoenix homebuyers won’t get a reprieve from rising prices anytime soon as competition for houses heats up again.

The Valley’s housing market isn’t expected to be as frenzied as it was in 2021, but prices are on track to keep steadily climbing until probably May, according to real estate analysts.

The median home price in the Phoenix area hit a record $427,000 in December, up 28% for the year, according to the Arizona Regional Multiple Listing Service.

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