New Builds Struggle, Prices Drop, Rentals Surge | Phoenix Real Estate Market Update
The July 2025 Phoenix housing market is continuing to weaken. In this week’s update, we break down:
Why new construction sales are plunging
Where home prices are actually declining across the Valley
A rental inventory surge that landlords need to see
A possible glimmer of hope for the housing market with mortgage applications on the rise
What buyers and sellers need to know now
Whether you're buying, selling, or just watching the market, this data-driven update will help you make smarter decisions in today’s changing Phoenix real estate market.
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Caitlin McKeague
Broker Associate | BRBR679010000