Something is shifting in the housing market...

by Caitlin McKeague

The Phoenix housing market is showing some serious cracks beneath the surface. Inventory is climbing, demand is slipping, and economists are warning that half of U.S. states are already in a recession.

In this week’s Phoenix Housing Market Update, we’ll break down the latest Cromford Report data, why sellers are losing leverage, and what this shift means for buyers heading into fall 2025.

We’ll also look at how new construction inventory has hit a 16-year high and what that could signal for the months ahead. If you’re planning to buy or sell a home in Phoenix, this is the update you need to watch.