Don't Buy a Phoenix Home Until You Watch This | Phoenix Real Estate Market Update

by Caitlin McKeague

Thinking about buying a home in Phoenix right now? Before you do anything, you need to see the latest data — because the math has shifted, and it might change your decision.

In this week's Phoenix metro market update, I break down a brand new Realtor.com report showing that renting is now more affordable than buying across all 50 major U.S. metros — including right here in Phoenix-Mesa-Chandler. I'll show you exactly how much you could save per month by renting vs. buying in Phoenix, and more importantly, when it still makes sense to buy.

I'm also covering:

✅ The rent vs. buy gap in Phoenix (the number might surprise you)

✅ Why Phoenix is officially a buyer's market right now — and which cities aren't

✅ How sellers outnumber buyers by 43% nationally (near a record high)

✅ The Cromford Market Index and contract ratios for the Phoenix metro

✅ Why this spring selling season feels unseasonably slow

✅ Where mortgage rates are sitting this week

✅ Where Phoenix home prices are likely heading next

Whether you're a buyer trying to time the market, a seller wondering if spring is still your best shot, or just trying to understand what's really happening in the Valley — this update gives you the real numbers without the hype.