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Arizona Sellers Are Waiting for a Market That Is Not Coming Back

Opinion: Daniel Park examines Arizona pricing, Phoenix concessions and ownership costs, arguing sellers should negotiate with today’s buyers in mind.

Arizona Sellers Are Waiting for a Market That Is Not Coming Back

Opinion Photo: Vita Vilcina / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Arizona homeowners need to stop asking when the frenzy is coming back and start asking whether their price makes sense today. My reading of the market is straightforward: buyers are gaining room to negotiate, but affordability remains too strained to call this a broad victory for households. September figures from Realtor.com put Arizona’s median sold price at $435,000, unchanged from a year…

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