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Arizona Housing Market Shifts | Fort Wayne News
Arizona’s housing market is cooling for buyers—median prices around $443K and rates near 6.75% mean less frenzy, more negotiation. Nearly a third of Phoenix listings dropped prices last April, and sellers are increasingly agreeing to concessions like covering closing costs. Gone are the pandemic days of skyrocketing prices and bidding wars; today’s market feels more normal, though not cheap. Buyers hoping for a rate crash may be in for a wait—experts say rates won’t drop much. Meanwhile, slow government approvals (1–2 years) and a lack of permits keep new homes scarce. To fix it, Arizona…
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