Greater Phoenix Real Estate

Brian Adamski, Realtor Arizona’s Elite: Top 3% Realtor | Unparalleled Expertise

Greater Phoenix Real Estate Market Overview

Greater Phoenix All Property Types – Inventory by Property Type – 6.21.2025
Greater Phoenix All Property Types – Avg Sold Price Trend – 6.21.2025
Greater Phoenix All Property Types – Active Listings Trend – 6.21.2025

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Greater Phoenix Real Estate Market Report

Greater Phoenix All Property Types Market Highlights

As of Jun 21, 2025, the residential real estate market in Greater Phoenix is witnessing notable trends reflecting shifting dynamics.

  • Active listings have climbed significantly, now standing at 29,939, a clear rise from 22,952 three months ago.
  • Additionally, the average sold prices have declined to $576,091, down from $623,722, indicating a market adjustment.
  • As a result, the current months of inventory rest at 5.1, showcasing an increase in available properties.
  • This evolving landscape suggests buyers and sellers must now navigate a more competitive environment.
Greater Phoenix All Property Types – Inventory Snapshot – 6.21.2025
Greater Phoenix All Property Types – Sold Market Report – 6.21.2025

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

The Greater Phoenix residential real estate market, as of Jun 21, 2025, reflects intriguing shifts that are crucial for both buyers and sellers to understand.
The number of active listings has markedly increased to 29,939, a substantial rise from 22,952 just three months prior. This trend suggests that more homeowners are entering the market, possibly driven by changes in market conditions or economic factors motivating sales. Additionally, active listings have risen from a more moderate 15,982 six months ago, highlighting a consistent upward trajectory in available inventory. Meanwhile, the average sold price has fallen to $576,091—a 7.6% decrease from $623,722 three months ago, signaling a shift in buyer pricing power as inventory levels rise.

The current inventory translates to 5.1 months of inventory, up from 3.3 months three months ago, indicative of a balanced market transitioning away from the previous seller-favorable conditions. Reviewing historical data reveals that this months of inventory metric has risen significantly, from only 2.0 months 12 months ago, suggesting more competitive conditions and potentially slower sales as buyers take the opportunity to reassess their options.

Interestingly, the DOM (Days on Market) for active listings stands at 111 days, which has slightly increased from 103 days three months ago. This indicates an elongation in the time it takes properties to move off the market, likely attributable to the rising number of options available for buyers. Furthermore, pending listings currently average an impressive sale price of $654,307, compared to an active price average of $732,113. This disparity between pending and active prices indicates that buyers are negotiating lower for homes in the current environment.

Lastly, evaluating the sold price to original list price percent, which currently sits at 97%, suggests that while sellers are still receiving respectable offers, buyers are managing to negotiate effectively, resulting in lower closing prices relative to listings. As we move forward in this evolving landscape, understanding these trends will be essential for both buyers seeking value and sellers aiming to capitalize on the market before prices potentially dip further.

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!

Brian Adamski, Realtor

Arizona’s Elite: Top 3% Realtor | Unparalleled Expertise

Brian Adamski, Realtor
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I couldn't have asked for a better experience. I would recommend Brian and look forward to someday working with him again.
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