May 4, 2024 1:33 am
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Metro Phoenix’s median home price fell $8,000

By Catherine Reagor | Arizona Republic

Metro Phoenix’s median home price dropped $8,000 in December and is expected to fall another $2,000 in January.

The Valley’s overheated housing market abruptly started cooling in June, and the slowdown continued through the end of the year.

The median home price in the Phoenix area fell from $420,000 in November to $412,000 last month, according to the Arizona Regional Multiple Listing Service.

And the median is expected to dip to $410,000 this month, according to pending sales.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.