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Valley homebuying activity remains low

The Valley’s homebuying scene remains buffered by interest rates, high prices and low demand.

Activity remains low and buyer demand is about 20% below levels from 2019, according to Tina Tamboer, housing analyst with the Cromford Report.

Some potential buyers are reluctant to jump into the Phoenix market where median home price currently sits at $455,000, Tamboer said.

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