The Phoenix, AZ Metro Cities in the image below shows a mixed bag of median sales price changes. The data comes from single-family detached houses, excluding multi-family and manufactured homes. We have seen some subtle changes in favor of buyers, yet the market is still heavily favoring sellers. An unprecedented housing shortage has caused the market to reach heights never seen before. Investors and ibuyers have filled the slight void left by buyers opting out due to high prices and heavy competition.