We’re seeing a notable shift in Arizona’s housing market: conditions have started to tip in favor of buyers. Median home prices are sitting at $443,611, with interest rates around 6.75%. In this environment, price reductions and seller concessions are becoming more common—something I haven’t seen at this scale in quite some time. While prices remain below the COVID-era peaks, they’re still up 46% compared to 2020. What’s keeping supply tight? Ongoing housing shortages, largely due to slow government approvals, continue to shape the landscape.
Having navigated Arizona’s markets for over three decades, I’ve learned to spot these moments when leverage shifts. Whether you’re planning to buy, sell, or invest, understanding these dynamics is key to making informed decisions that build long-term value.
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