Sell Your Home for More Money. 6 Ways To Sell Your Home: Let's See Which Option Makes The Most Sense For You. Free Selling Strategy Call
The Phoenix housing market is shifting dramatically in June 2025. Total active listings excluding UCB/CCBS have risen to 26,580—up 47% from last year’s 18,044. However, new listings have dropped 39% over the past 2 months, resulting in a shrinking pipeline even as inventory appears high.
The result? Buyers are gaining leverage. With mortgage rates stuck around 6.89%, many builders are stepping in with rate buydowns to 4.99%. Meanwhile, Phoenix’s 9.3% wage growth is far outpacing its 0.3% inflation rate, creating new pockets of affordability—especially in the sub-$500K segment, where prices have already declined 2.2% YoY.
Sellers are responding by backing off. Listing cancellations are up 38%, expireds are up 84%, and many owners are choosing to rent rather than relist. Even with soft demand, that drop in new listings is easing the pressure on prices. Median home prices ticked up to $455,000—up just 1.1% year-over-year.
Condos and manufactured homes are underperforming, with success rates around 57%, while single-family homes still have a 72% success rate. The Cromford Market Index sits at 73, clearly favoring buyers.
Luxury is the bright spot. Homes over $3 million saw 91 closings in May—up 18% YoY—with the average sale price reaching $5.1 million.
Whether you’re looking to buy or sell, this summer market requires a tactical approach. If you’d like to talk strategy, let’s set up a time to connect.
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Sell Your Home for More Money. 6 Ways To Sell Your Home: Let's See Which Option Makes The Most Sense For You. Free Selling Strategy Call
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