Phoenix Home Sales Slowing Down as Prices Continue Gradual Rise
- Metro Phoenix home sales slowing down, prices still rising slightly
- Interest rates dipped recently but not enough to spur more homebuying
- Median home price ticked up to $437,000 in October despite slower sales
- Share of buyers paying all cash climbed to 21.6% in October to avoid higher interest rates
- Housing market nearing balance, could shift to buyers in some areas soon