Foreclosure Homes in Phoenix, AZ 85035

Current Market Conditions in Phoenix, AZ

In recent months, the Phoenix real estate market has shown signs of stabilization after a period of rapid appreciation. Although inventory remains low, buyer demand has slightly cooled, leading to more balanced market conditions. Homes are still selling relatively quickly, but the pace has slowed compared to the previous high-demand periods.

The overall trend in Phoenix indicates a healthy growth in the real estate market, with prices remaining robust. New construction is booming, catering to a diverse population, and migration trends suggest an influx of residents seeking job opportunities and a desirable climate.

Rent Prices In Phoenix, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phoenix, AZ, is on a rollercoaster ride. The average rent price in Phoenix, AZ, is $1,485.00. Indeed, when looking to rent in Phoenix, AZ, you can expect to pay as little as $460.00 or as much as $5,780.00, with the average rent median estimated to be $1,370.00. The good news is that finding an affordable and desirable property to rent in Phoenix, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.