June 2025 Arizona Housing Market: Key Trends for Buyers & Sellers

By Travis Bard

We have a simple goal - impact the lives of our clients and change the lives of our agent partners. The PLACE.com business platform allows us to do both and we could not be more excited about the future.

We’re heading into the summer market, and as usual, more homes are hitting the market. Let’s take a look at what the numbers are really telling us and how to move smartly in today’s market.

Increase in inventory. Every summer, we see a predictable bump in new listings, especially in the Prescott and Quad Cities area. What stands out this year is the months of inventory. We’re now at a 5-month supply, which is the highest level since 2015. By contrast, in 2020 and 2021, supply dropped below one month, and homes sold almost instantly.

List price vs. sale price. Homes are still going under contract at about 98% to 98.5% of the list price. That sounds solid, but most of those prices have already been adjusted downward. In short, sellers often price too high and then lower the price. Once the home hits the correct number, it usually sells quickly, within 2% of that new price.

Days on market. Compared to last year, homes are sitting on the market about 50% longer. That sounds significant, but it really brings us back to the pace we saw from 2015 to 2019, before the pandemic changed the market.

All of these point to a shift toward a buyer’s market. When inventory stretches to five or six months, buyers begin to gain leverage.

So what’s keeping buyers cautious? It’s not just the number of homes available. It’s the interest rates.

We haven’t seen meaningful improvement in mortgage rates since they shifted back in June 2022. That means we’ve now spent nearly three years in a higher-rate environment, and buyers are feeling it. Financing is more expensive, monthly payments are higher, and some are holding off entirely.

At the same time, new listings are continuing to enter the market in line with seasonal trends. While sellers are motivated and inventory is growing, the buyer pool hasn’t kept pace, creating more competition among sellers.

We’re keeping a close eye on these numbers every week. To understand what this means for your specific situation, let’s discuss it further. Whether you’re curious about where prices are headed, when to list, or how to navigate financing, I’m here to help.

Want to see what the market looks like on paper? I’ve got charts and data I’d be happy to share. Reach out at (928) 710-7007 or travis@legacyren.com. We’ll walk through it together and figure out what works best for you.