Phoenix Housing Market Forecast 2024. Heading into 2024, the housing market has faced significant hurdles in the wake of high interest rates and low inventory. Whether buying or selling a phoenix or scottsdale arizona home, the 2024 housing market forecast for scottsdale home prices and the phoenix real estate market are looking positive.
What is the housing market like in phoenix today? Zillow predicts more homes for sale, improved affordability in 2024.
In 2024, Zillow Economists Predict Home Buyers Will Have More.
As of january 31, 2024, phoenix, a major metropolitan statistical area (msa) in arizona, is projected to experience a 0.1% increase in housing prices by february 29,.
Zillow Research • Nov 30 2023.
Analysts, homebuilders and developers in the trenches of the housing market in metro phoenix offer their 2024 outlook in the business journal’s annual.
Next Year's Rates Will Close Around 6.5%, According To Realtor.com, But Most Of 2024 Is Expected To See An Average Of 6.8%.
Images References :
Prices Rose In August And September, With A 0.9% Uptick In October From A Year Ago
Most housing sector economists agree the conditions for housing will improve, even if only slightly, in 2024, and that's expected to unlock inventory, moderate.
(2) Number Of Houses For Sale Will Increase (3) Property.
If lower interest rates give metro phoenix’s housing market a boost, it will start to show up in january’s sales.
After Peaking At 4.28 Units In November, Housing Supply Fell To 3.56 Months In December Before Rebounding To 4.1 Months In January 2023.