Phoenix real estate market is balanced, according to a new report

The Phoenix real estate market is balanced overall, with neither buyers nor sellers having a clear advantage. However, market conditions vary by ZIP code. Maryvale (85033) favors sellers, with homes selling at 99% of asking price and one-third above asking. In contrast, 85008 favors buyers, with longer market times and fewer homes selling above asking price. Other areas like Moon Valley and Ahwatukee favor sellers, while Melrose, Coronado, and Arcadia favor buyers.