Phoenix Housing Market Predictions 2022. Zillow's housing market forecast has been revised from april. Within the phoenix metro area real estate market, new listings rose by 26.3% from july 2020 to july 2021.
Zillow is clearly the only housing bull left. Home prices will rise 5.6%. It is the only state capital with more than a million people.
It Is The Only State Capital With More Than A Million People.
Tight inventory conditions and strong demand from buyers continue to push home values north, all. In fact, zillow’s 2022 market forecast predicts an 11% growth in home values next year, down from the 19.5% growth projected for 2021. Phoenix housing market predictions 2021.
Within The Phoenix Metro Area Real Estate Market, New Listings Rose By 26.3% From July 2020 To July 2021.
It is the biggest city in arizona and the state’s capital. That number would make 2022 the highest in home sales since 2006. Last year was anything but normal — especially in arizona’s residential real estate market.
The Population Of Mesa, Arizona Rose By Nearly 18% From 2010 To 2019, While Scottsdale Experienced An 18.7% Increase.
However, not everyone is bearish. A recent forecast for the phoenix, arizona real estate market predicted that home prices in the area would continue rising into 2022. In particular, a distinct lack of housing and increasing demand have led to historic appreciation.
Zillow Is Clearly The Only Housing Bull Left.
Zillow's housing market forecast has been revised from april. However, phoenix itself is massive. Home prices will rise 5.6%.
The New Report Also Expects Phoenix Home Sales To Grow 7.5% In 2022 As Home Shoppers Explore Areas Where They Can Get More House For Their Money As They Work Remotely From Their Kitchen Or Home Office;
Home price growth is expected. Over the coming year, corelogic predicts u.s. We took our pulse of the real estate market and assembled our predictions for our 2022 phoenix real estate housing market forecast.