The Brief
- A noticeable cooldown has home values in Arizona down 2.6% from last year.
- Realtors are saying high interest rates are keeping buyers on the sidelines.
- Despite the slowdown, Realtors say there is an opportunity for buyers and Phoenix rarely sees a buyers’ market with a growing population.
PHOENIX – After a red-hot real estate market heated up in the pandemic, many are noticing a cooldown.
According to Zillow, the average home value in April is down 2.6% from last year.
Local perspective:…