Phoenix housing market in four words

By Angela Gonzales | Phoenix Business Journal

Average home prices in metro Phoenix dipped to $440,000 in mid-July, down 5.4% compared with the same period last year, according to Cromford Associates LLC, as the demand for resale homes continues to wane.

The latest Cromford report looks at annual changes from July 14, 2022, to July 14, 2023, the most current data available. Cromford focuses on real-time housing data for Maricopa County, Pinal County and a small part of Yavapai County.

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July 26, 2023

Phoenix

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