Foreclosure Homes in Phoenix, AZ 85044

Current Market Conditions in Phoenix, AZ

The Phoenix real estate market has seen a significant increase in home prices over the past year, with a rising demand driven by the influx of new residents relocating to the area. As companies continue to expand in Phoenix, the job market is strong, attracting individuals and families seeking new opportunities.

The current market presents a competitive environment, characterized by low inventory and fast-selling homes. Buyers are encouraged to act quickly when they find a property that meets their needs, as homes in desirable neighborhoods are often sold within days.

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.