How Far Are Home Prices Are Falling? | Phoenix Real Estate Market Update
The Phoenix housing market is showing signs of stress—home prices are declining, inventory is plateauing, and more sellers are at risk of losing money than last year. In this week’s market update, we break down the latest data from Redfin, the Cromford Report, and Yahoo Finance to explore:
Why 6% of sellers nationwide are now at risk of selling at a loss
Which types of homes (and timeframes) are most vulnerable
Why first-time buyers are still getting squeezed, despite lower prices
What the data says about Phoenix real estate trends, from price per square foot to inventory
What to expect for the rest of 2025—and whether waiting could benefit buyers
Plus, we look at mortgage rate trends, assumable loans, and which cities in the Phoenix Metro are shifting fastest toward a buyer’s market.
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Caitlin McKeague
Broker Associate BRBR679010000