Greater Phoenix
Real Estate

Brian Adamski, Realtor

17+ Years of Experience
Honesty. Trustworthy. Integrity.

Greater Phoenix Market Overview

Houses

Highlights

As of March 18, 2025, the single-family home market in the Greater Phoenix area showcases some noteworthy trends.

  • Over the past month, active listings have increased to 22,870, reflecting a significant supply of homes for buyers.
  • The average sold price is currently $707,937, marking a favorable trend for buyers compared to previous months.
  • Days on Market (DOM) has risen to 79 days, indicating a modest slowing in home sales.
  • Months of inventory stands at 5.6, suggesting that the market remains balanced, but slightly tilted toward buyers, allowing for negotiation opportunities.
Condos
Land
Multifamily

Info About Greater Phoenix

Homes for Sale in Greater Phoenix

Homes for Sale in Greater Phoenix


The Greater Phoenix area is 10th largest metro area in the United States (4,652,000 people).

Two major airports serve Greater Phoenix. Phoenix Sky Harbor International Airport is the main one and is considered the 10th busiest in the United States. In 2004, Phoenix-Mesa Gateway Airport started commercial passenger flights.

Phoenix is in the northeastern part of the Sonoran Desert at about a mean elevation of 1,117 feet (340 m) and has a subtropical desert climate.

High Demand

For the last decade or so, Greater Phoenix real estate has been in the top 3 metro areas for people wanting to buy for both their primary home, secondary homes, and investment purposes. Since, COVID, the demand for Phoenix, AZ real estate has increased even more.

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Weather

Phoenix is frequently referred to as the Valley of the Sun and for good reason, as you can expect to see the sun, on average, 85% throughout the year. 8-9 months out of the year the weather in Phoenix is glorious and is one big reason people move here. Winter months are warm, with daily high temperatures ranging from the mid-50s to high 70s and low temperatures mostly in the low 40s, occasionally dipping below 40. On average, Phoenix has only five days per year where the temperature drops to or below freezing. The summer high average temperatures are typically over 100 °F (38 °C).

Economy

Eight Fortune 500 firms are currently headquartered here: Freeport-McMoRan, Avnet, Carvana, Republic Services, Insight Enterprises, Opendoor Technologies, Taylor Morrison Homes, and ON Semiconductor.

Phoenix has plenty of high-tech and telecommunications companies like Intel, GoDaddy, LifeLock, Gainsight, Microchip, Keap, Honeywell’s Aerospace division, and countless more.

Greater Phoenix Real Estate for Sale

Greater Phoenix Real Estate


Phoenix also benefits from tourism and recreation because of its weather and proximity to places like the Grand Canyon. Several golf events occur throughout the Phoenix Metro area, including the PGA’s Waste Management Phoenix Open.

Culture

Some of the best museums, theatres, and art galleries in the Southwest are located here.

Things To Do

Enjoy the outdoors year round! There is great hiking, mountain biking, and horseback riding on the many different mountain ranges throughout Greater Phoenix.

Phoenix is one the world’s golf capital and has many interesting, challenging, and unique courses.

Greater Phoenix Golf Course Homes

Greater Phoenix Golf Course Homes


Need to cool off? Phoenix has plenty of water parks or go tubing on the Salt River.

Phoenix also has plenty of public parks to relax with the family, have a picnic, swim in the pool, tennis, pickleball, or volleyball.

Within a 2-6 hour car drive lies the Grand Canyon, Sedona, Tucson, San Diego, Las Vegas, Palm Springs, Los Angeles, or even Mexico.

Topography

Generally speaking, the Greater Phoenix is flat, but mountain ranges are in and around the valley. If you’re looking for mountain views and foothills to break up the flatness, I would look at areas such as Ahwatukee (south), Biltmore Area (central), Arcadia Area (central), North Scottsdale (north), and Gold Canyon (east).

Want Help to Buy or Sell from an Expert?

If you’re looking for an experienced Greater Phoenix real estate agent, then you found one here! Brian is ranked in the top 3% in AZ. Whether you are looing for a single family home, a condo, or land, he is your guy!

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Greater Phoenix Market Report

Houses

An In-Depth Look at Greater Phoenix Houses

In-depth examination of the Greater Phoenix single-family home market reveals intriguing patterns that have implications for both buyers and sellers. As of March 18, 2025, the number of active listings has surged over the past month to 22,870, a substantial increase from 17,184 just three months ago. This growth in inventory positions the market as relatively balanced, offering buyers an ample selection of homes.

Currently, the average sold price for listings has climbed to $707,937. This is an increase from $672,630 seen three months ago but remains lower than historical highs, suggesting a shift in buyer behavior to more moderate price points. Additionally, the sales price to original list price ratio remains stable at around 96%, indicating that buyers may still be negotiating well without stretching their budget too far.

Days on Market (DOM) has also seen an uptick, now averaging 79 days compared to 102 days three months ago. This rise in DOM typically reflects extended negotiation processes and, potentially, a need for sellers to adjust expectations. However, it's crucial to note that longer DOM could also be correlated with higher price sensitivity among buyers leading to more consideration before making offers.

Furthermore, the months of inventory stands at 5.6, which is an increase compared to 4.1 months three months ago. This metric suggests a healthy market equilibrium where supply and demand are more aligned, decreasing the risk of price escalation. Historically, inventory levels hovering around this range also suggest that we are entering a phase where homes are likely to sell at competitive prices without significant inflationary pressures.

In summary, the Greater Phoenix real estate market is witnessing dynamics that could benefit both buyers and sellers. Sellers may need to remain flexible in their pricing strategies given the extended DOM, while buyers are presented with more options and fairer negotiation conditions. As these trends continue to develop, close monitoring will be essential for making informed real estate decisions.

Condos
Land
Multifamily

We never once felt rushed or pressured from Brian to close the deal, and he was extremely open and honest with us about any concerns or questions we had.
Chris and Karla Hervois, Buyers
Brian Adamski review from google

Brian Adamski, Realtor

17+ Years of Experience
Honesty. Trustworthy. Integrity.

Brian Adamski, Realtor
480-405-1265

Brian marketed our home better than any in the area and coupled with good analysis in selecting the list price, we sold our home quickly and ended up getting more than we expected!
Dan and Amy Sharratt, Sellers
Brian Adamski review from google

 

Brian Adamski, Realtor

17+ Years of Experience
Honesty. Trustworthy. Integrity.

Brian Adamski, Realtor
480-405-1265

We never once felt rushed or pressured from Brian to close the deal, and he was extremely open and honest with us about any concerns or questions we had.
Chris and Karla Hervois, Buyers
Brian Adamski review from google

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