Greater Phoenix Real Estate

Greater Phoenix All Property Types Market Highlights

As of Jul 19, 2025, the real estate market in Metro Phoenix is experiencing significant fluctuations that impact both buyers and sellers.

• The number of active listings has increased notably, reaching 29,746, compared to 25,616 just three months ago.
• Months of inventory currently sits at 4.4, suggesting a balanced market.
• Meanwhile, the average sold price has decreased slightly to $560,529, down from $582,021 in the previous quarter.
• The days on market for sold listings have shown a modest increase, now averaging 69 days, compared to 63 days in the past.

An In-Depth Look at the Greater Phoenix All Property Types Market

Currently, the Metro Phoenix housing market exhibits a distinct blend of increasing inventory and fluctuating prices. The active listings have swelled significantly from 25,616 three months ago to 29,746 today, indicating a greater selection available to potential buyers. This trend suggests an evolving market where sellers may need to become increasingly competitive in their pricing strategies.

Moreover, the months of inventory is at 4.4 months, illustrating a balanced scenario where supply and demand appear to align more closely. This level of inventory typically favors both parties, as neither buyers nor sellers hold an overwhelming advantage.

The average sold price has decreased slightly to $560,529, down from $582,021 in April. This decrease signals that while homes are still selling, there may be a moderating influence on pricing. As inventory rises, some price softening is not uncommon, especially as buyers gain more choices and negotiating power.

On the operational side, the days on market (DOM) for sold listings has risen to an average of 69 days, a notable increase from 63 days observed three months ago. This shift towards a longer sales period suggests a gradual slowing in the pace of transactions, which may encourage buyers to take their time when considering offers.

In summary, the current market conditions present a unique opportunity for both buyers and sellers. Buyers can navigate a wider selection of homes while being mindful of price negotiations, and sellers should consider strategic pricing and marketing to position their listings effectively amid the rising inventory.