Phoenix Real Estate Market: Falling Home Prices, Luxury Sales Buck Summer Slowdown

Home prices in Phoenix, a former pandemic boomtown, are falling, with the median home price at $537,900 in August, down 1.2% from the previous year. Despite concerns about wildfires and droughts, people are still moving to the Sunbelt. As prices decline, there are opportunities to purchase affordable homes in the Phoenix area. Here are six of the lowest-priced real estate listings, including a three-bedroom house in Phoenix for $309,900 and a three-bedroom house in Glendale for $255,000.