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5 Reasons to Be Grateful for the Current Phoenix Area Housing Market

Many people complain that real estate is in a slump. However, there’s a lot to be grateful for. Here are the top five reasons why the housing market will remain robust in 2025.  Price Hikes Are Leveling Off As the chart above shows, price increases have leveled off in 2024. The average Phoenix metro area home price skyrocketed by 43%, from $35,600 in the beginning of 2021 to a peak of $502,910 in the latter half of 2022. Since then, prices have stabilized. (Source: Federal Reserve Bank of St. Louis,