Housing Forecast: How Much Phoenix Home Prices Will Rise in 2022

Article originally posted on Phoenix Business Journal on December 1, 2021

Phoenix home prices are expected to rise 6.8% in 2022, according to a housing market forecast released Wednesday by Realtor.com.

The projected increase is based on a recent median home price in the Valley of $485,000.

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.

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