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In this video, Gordon Baker, an experienced Phoenix real estate agent, breaks down the latest changes in the Phoenix housing market. Discover how recent shifts in interest rates are impacting affordability for buyers and sellers alike. We'll explore the significant increase in listings, what the median price changes over the past year and year-to-date mean for you, and the current state of distressed properties—mostly short sales. Additionally, we'll take a closer look at the Cromford Market Index, a key indicator to gauge market conditions. Currently, the indices point to a buyer's market in Phoenix, offering unique opportunities for those looking to purchase. Whether you're considering buying, selling, or just want to stay informed about the local real estate trends, this update provides valuable insights. Still have questions, reach out to Gordon at 480-326-8571 🌐 Tell me what you're looking for: https://fs10.formsite.com/4hxCdk/2v2g... Welcome to The “Gordon Baker” channel! I am glad you watched my video. I hope you find the video informative. 👇 Don't forget to hit the subscribe button and turn on notifications, so you never miss an update from my channel. / @myhomeinaz