Phoenix Housing Market Forecasts

Phoenix Housing Market Forecasts

The median home value in Phoenix was up to around $240,000 as of January 2019. That was an increase of 8.7% compared to a year earlier, according to Zillow. Their research team is projecting smaller gains in 2019. In January, the group predicted that the median home value for Phoenix would rise by 2.4% over the next 12 months.

Also in January, predicted that home prices in Phoenix would climb by 5.6% during 2019, a bolder forecast than Zillow’s. The industry group also included Phoenix on their list of top ten markets for home buyers (due to job growth, new construction, and other factors).

Given the current supply and demand situation within the Phoenix real estate market, it would not be surprising to see home prices rise somewhere between 3% and 5% during 2019. So 

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Phone: 480-258-1414
Dated: April 1st 2019
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