Home Sale Slowdown! | Phoenix Real Estate Market Update

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Phoenix is one of the few major metros showing softening home prices while
71% of the country is still seeing prices rise. In this week's market update,
I break down what the latest national data means for Phoenix buyers and
sellers — and why our local market is actually behaving differently than
the headlines suggest.

WHAT'S COVERED IN THIS UPDATE:
Slowest March home sales nationally since 2009
Why Phoenix sales are actually UP year-over-year (against the trend)
The realtor.com map showing Phoenix in the red
Phoenix median sales price: down year-over-year
New construction vs. resale — the gap is widening
Mortgage rates update (currently around 6.44%)
Cromford Market Index: Phoenix at 82.5 (technically a buyer's market)
Which Phoenix cities are still seller's markets (hint: Avondale to Fountain Hills)
Hottest zip codes right now in Chandler, Tempe & North Phoenix