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:
Factor in more than just the mortgage. In Arizona’s desert climate, utilities—especially cooling—can fluctuate significantly. buying a home in arizona guide
Median prices are in the mid-to-high $400,000s. The market is "recalibrating