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The Market: Mid-Year Update 2023

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

“Home sale prices steadily increased in 2023 following monthly declines during the second half of 2022.”

Sales of existing homes in the Phoenix Metropolitan Area increased in the 2nd quarter over 1Q23 even as the housing market continues to undergo an adjustment due to rising interest rates.