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The Market: Housing Market Update 3rd Quarter 2022

Housing Market Update for Phoenix and neighboring communities including Scottsdale, Paradise Valley, Arcadia and Gilbert.

“Homes prices per square foot have appreciated 40.3% over the last two years.”

Sales of existing homes declined in the 3rd quarter as the housing market continues to undergo an adjustment due to rising interest rates according to national and local housing market economists. Home sale prices, however, increased from one year ago.