Phoenix-area house prices are dropping. Will the trend last?

By Lauren Gilger
Published: Friday, June 30, 2023 - 12:41pm

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A sign showing a home for sale in north Phoenix
Sky Schaudt/KJZZ
A home for sale in north Phoenix in June 2023.

Housing prices in the Phoenix metro area are going down after years of booming prices and bidding wars between potential buyers. But, is it a trend that will last? 

The Show spoke with Mark Stapp, direction of Arizona State University's real estate program to give more insight to the latest housing data and the outlook for the market here.

mark stapp
Arizona State University
Mark Stapp

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