🏡 Phoenix Market Update: What Buyers Need to Know About the Growing Inventory Surge

If you've been waiting for the right time to jump into the housing market, this summer might just be your moment.

Across the Phoenix metro area, inventory is steadily climbing. Homes are sitting on the market longer—averaging 39 days—and more than 50% of recent sales include seller concessions, with a median of around $10,000 in buyer credits. What does that mean for you? Leverage. Options. Negotiating power.

After years of ultra-competitive bidding wars, buyers are finally breathing a little easier. There are more homes to choose from, and less pressure to waive contingencies or overpay. We're even seeing sellers offering to cover closing costs, rate buy-downs, or repair credits to get deals done.

🔹 For buyers:
Now’s a great time to re-engage. You may be able to negotiate better terms or land a home that would’ve had 10+ offers just a year or two ago.

🔹 For sellers:
Price and presentation matter more than ever. With more homes on the market, it's crucial to make yours stand out and work with a team that knows how to position it strategically.

At the end of the day, Phoenix is still growing—fueled by jobs, development, and sunshine—but the playing field is evening out for now. Whether you’re looking to buy, sell, or just explore your options, our team is here to guide you with the latest data and insights.

Let’s talk about what this shift means for your real estate goals!