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- Phoenix was a pandemic boomtown, but home prices there are falling, according to a Realtor report.
- As of August 2023, the median home price in Phoenix was $537,900, down 1.2% compared to last year.
- But there are homes much cheaper than that, of course. We took a look through listings to find five.
Real estate prices in certain cities went through the roof in the wake of the pandemic. But now some of these pandemic boomtowns are seeing home prices fall: Phoenix is one.