Phoenix Real Estae Boom Slowing

In one year alone, Phoenix real estate prices have appreciated 47 percent, contradicting fears at the beginning of 2005 that the Phoenix real estate market had peaked.

However, to the dismay of investors, market watchers are once again saying that there are signs that the Phoenix real estate market is peaking. These speculations are due to the fact that the month to month price increase this past July was only 2 percent, the lowest percentage of appreciation so far this year. "Earlier this year, area home prices posted month to month increases of 6 to 7 percent."

Phoenix real estate agents claim that the time it takes to sell a house has increased slightly. However, they say that there isn´t any cause for alarm. Demand for Phoenix real estate is still very high, "but maybe we´re seeing the end of the incredible price jumps. Which is good in a way - a strong yet stable market is always desirable for buyers and sellers alike."