The Phoenix housing market is continuing to show resilience as we head into summer.
According to the latest Cromford Market Snapshot, Phoenix currently has 3,072 active listings, while buyer demand remains strong with more than 1,200 homes under contract. The Cromford Market Index sits at 128.3 — indicating a market that still slightly favors sellers overall.
Here’s what that means for buyers and sellers right now:
- Inventory is improving, giving buyers more options and negotiating room than we saw during the peak frenzy years.
- Well-priced homes are still moving, especially in desirable neighborhoods and school districts.
- Home values remain stable, with the average Phoenix home sale price currently around $660,000.
- Interest rates continue to influence buyer strategy, making preparation and local expertise more important than ever.
Whether you're thinking about moving this summer, curious about your home's value, or simply watching the market, staying informed helps you make confident decisions.
And if you'd like the real scoop on your neighborhood market — I’m always happy to help. Real estate is highly local and deeply personal, and providing tailored insight, strategy, and guidance specific to each client and community is the type of expertise I pride myself on providing. Reach out anytime at (480) 313-6539 or [email protected].
