Thinking about making a move in Phoenix? With shifting market dynamics, increased inventory, and motivated sellers, now may be one of the best times in recent years to buy a home in the Valley. Whether you're relocating, upsizing, or investing, here are 10 compelling reasons why purchasing a home in Phoenix right now could be a smart move.
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Buyer’s Market Advantage
Metro Phoenix has shifted decisively into a buyer’s market. With more sellers than buyers, you’ll find strong negotiating power and opportunities for price concessions or seller-paid closing costs. -
Inventory Up ~50% Over Last Year
Arizona currently has over 27,000 homes for sale—something not seen in nearly a decade—giving buyers plenty of choices. -
Stabilized or Slightly Lower Prices
Average Phoenix home values have dipped about 4% over the past year (~$416,780), making it easier to enter the market. -
Forecast Predicts Gradual Growth, Not Surges
Prices are expected to rise slowly through 2025 and into 2026—encouraging for early buyers before upward movement. -
Sellers Motivated to Make Deals
With inventory high and competition stiff, many sellers are offering incentives like covering closing costs or lowering list prices. -
Strong Local Job Market Fueling Demand
Phoenix boasts consistent employment growth and robust corporate presence—sparked by companies like Intel, Honeywell, and Banner Health. -
Affordability Compared to Coastal Markets
Though prices have cooled, Phoenix remains more affordable than overheated markets like Seattle, San Francisco, or Los Angeles. -
Mortgage Rate Uncertainty = Opportunity
While rates are currently hovering around 6.75%, any future decline could spark a rapid market acceleration. Buying now locks in today’s pricing before increased demand potentially drives prices higher. -
Long-Term Builder Investment Signals Growth
Major investors and homebuilders are land banking and laying infrastructure for future neighborhoods, positioning Phoenix for steady future supply. -
Millennial Demand and Migration Trends are Rising
Phoenix is a hot market for relocating professionals and millennial buyers thanks to job opportunities, sunshine, and more affordable entry points.
Ready to explore your buying options in Phoenix? Let’s find the right home at the right time—before the market shifts again. Call or text me at 480-313-6539 or email me at [email protected].
