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.
Recent Posts
Americans Say Real Estate Is Still the Best Long-Term Investment in 2026
Phoenix Housing Market Update, July 2026: The Most Affordable Zip Codes, Where Prices Are Headed, and Rates at 6.75%
The Moon Valley Neighborhood (85023): A Local Guide to One of North Phoenix's Classic Communities
North Central Phoenix (85020 and 85021): A Local Guide to Tree-Lined Streets, Mountain Views, and Real Room to Breathe
Phoenix Housing Market Update, July 2026: New Construction, Case-Shiller, and What It Means for You
The 85254 "Magic Zip Code": A Local Guide to Where a Scottsdale Address Meets Phoenix Perks
Phoenix Housing Market Update, June 2026: Are Home Prices Dropping?
Verrado in Buckeye (85396): A Local Guide to the West Valley's Favorite Master-Planned Community
The Sheaborhood (85028): A Local Guide to One of North Phoenix's Most Loved Neighborhoods
Phoenix Real Estate Market Update: List Prices Post Sharpest Drop in 9 Years (June 2026)
GET MORE INFORMATION
Caitlin McKeague
Broker Associate | BRBR679010000