Will Home Prices Drop In Phoenix. According to billingsley, the median price in and around phoenix was $255,000 back in. According to the forecast, prices will level out at a median $327,000 by q4 2020 and stay there through q1 2021.
According to the real estate data company zillow, the median home price for phoenix, arizona rose by a whopping 18.7% from february 2020 to february 2021. According to walletinvestor’s phoenix real estate market research, home values will increase in the next 12 months.
After home prices peaked in may 2006, it took another 18 months before phoenix’s unemployment rate began rising: But housing analysts aren’t calling for any big drops in prices