The market is "recalibrating." Well-priced homes sell quickly (median 64 days on market), but overpriced or less desirable homes are sitting longer, leading to more price reductions and seller concessions. Regional Variations:
Median prices are in the mid-to-high $400,000s. buying a home in arizona guide
This is essential before touring homes. Sellers often require a pre-approval letter to even consider an offer. The market is "recalibrating