Don’t Let Your Home Sit Unsold: Phoenix Housing Market Update & Seller Tips

By Arizona Home Group

Sell your home fast and net thousands more. We’ll make sure you get the absolute top market dollar for your home. We’ve helped thousands of buyers and sellers over the past 30+ years with over 200 5-star reviews.

After the Fourth of July celebrations wrapped up and the heat set in, we started seeing a clear shift in the Phoenix real estate market. This July, buyers are gaining the upper hand and sellers need to be prepared.

Active inventory remains steady. With just over 26,000 homes on the market. However, pending sales have been declining each week, signaling a drop in buyer urgency and an increase in available options.

According to the latest Cromford Report, 16 out of 17 cities across the Phoenix metro have worsened for sellers on a month-over-month basis. The areas feeling the biggest impact include Buckeye, Maricopa, Queen Creek, and Surprise.

These markets are known for entry-level housing, where higher interest rates have significantly affected affordability. Many potential buyers in these segments are finding it difficult to qualify or justify monthly payments, leading to longer days on market and stalled sales.

Inventory in Paradise Valley. Interestingly, its market appears to be improving in Paradise Valley. It’s not due to increased buyer activity, but because of reduced inventory. Since mid-May, listings in Paradise Valley have dropped by 25%, a seasonal trend driven by luxury homeowners temporarily pulling their homes from the market during the summer months.

For sellers across the Valley, this means recalibrating expectations. Testing the market without a compelling pricing strategy is increasingly risky. With buyers gaining more leverage, it’s important to assess whether you’re serious about selling or simply curious. The difference matters now more than ever.

Looking ahead, the Federal Reserve chose not to implement a rate cut last month, though they are scheduled to meet again at the end of July. Any movement in interest rates could help reignite some of the buyer demand currently sitting on the sidelines. Until then, we anticipate current conditions to persist through the remainder of summer.

We’ll return in September with updated data and trends as the fall season begins to take shape.

In the meantime, if you’re considering listing your home, it’s essential to price strategically and stay informed. Contact us at (602) 571-3730 or AHGadmin@gmail.com. We can help you get your home market-ready.