Greater Phoenix Statistics

As we end August 2025, we here at Williams Luxury Homes wanted to give you the latest pulse on the Arizona housing market. The summer is winding down. Kids are back in school. Snowbirds are already trickling into The Valley. That seasonal shift always makes the market feel different. At the same time, the numbers show some fascinating trends, from builder discounts to shifting sentiment to foreclosure activity. Let’s dig into what’s happening across Greater Phoenix and The Valley as a whole.

Buyer Sentiment & Pricing Mood

Consumer mood is turning more upbeat compared to recent years. The Fannie Mae Home Purchase Sentiment Index is sitting at 71.8. That’s quite a jump from the 57 range when interest rates spiked, and it’s far above the 59 sentiment levels in 2011 when nobody wanted to buy.

• 2011 sentiment: 59.3

• 2019 sentiment peak: 91.5

• Pandemic dip: 63

• Today: 71.8

Home prices tell another story. Median sales prices soared after 2020, cooled in 2023–2024, and are now relatively flat. Sellers are holding steady, while buyers are watching closely for movement. Builders, however, are under pressure to move inventory, which means price cuts and incentives.

In short, buyers aren’t overly pessimistic, but they’re selective. Sellers who price correctly and keep homes in good condition are still seeing strong activity.

Builder Discounts & Resale Competition

Builders have to sell. Resale owners often don’t. That gap is creating a split market.

• National builders like Lennar and DR Horton are slashing prices.

• Discounts around $28,000 on some new homes.

• Incentives include rate buydowns and closing cost help.

• Resale owners with low mortgages or no mortgage aren’t budging.

In communities heavy with new builds, like Buckeye, Maricopa, and Queen Creek, resales are getting squeezed. Buyers shopping in those areas expect concessions, and builders are setting the tone.

Foreclosures Rising But Still Low

Foreclosures have re-entered the conversation, though the scale is far below the last housing crisis.

• July 2025 trustee deeds: 136 (highest since 2019)

• July 2024 trustee deeds: 31

• 84 of July’s distressed homes reverted back to banks

• Around 1,600 distressed properties now in Maricopa County

What’s unusual is that foreclosures are closing without the usual early warning spike in trustee sales notices. That suggests most homeowners aren’t delinquent, but those who are struggling can’t easily sell out of foreclosure. It’s worth watching, but not a flood.

Mortgage Rates & Buyer Demand

Rates are still the gatekeeper. The 30-year fixed is hovering around 6.6%, down from earlier highs. Analysts say if rates dip toward 6.4% or below, demand could heat up quickly.

• Current average: 6.6%

• Buyer surge point: near 6.4%

• Market “hot zones”: Chandler 85226, Gilbert 85233

• Average time on market: 83 days

Some buyers are turning to assumable mortgages, which allow them to take over an existing loan with a 3–5% rate. That’s an attractive option for anyone eyeing affordability.

Inventory & Market Index

Supply has been shrinking steadily since May. Active listings dropped from nearly 27,000 to about 23,918. Demand hasn’t moved much, which is nudging the Cromford Market Index upward.

• Supply: 99.3 (below normal of 100)

• Demand: 76.3 (about 24% below normal)

• CMI overall: 76.9, trending upward

Some areas like Paradise Valley, Fountain Hills, and parts of Chandler remain hot. Balanced markets are appearing in Gilbert and Mesa. Areas heavy with new builds are still cold, but the overall picture suggests stabilization rather than collapse.

National Context & The Valley’s Place

National reports show housing weakness concentrated in the South and West, with Phoenix singled out as a place where buyers who purchased last year may already be underwater on paper. Prices are down 3–4% year-over-year in much of The Valley, but Paradise Valley is still a standout exception.

Canada’s retreat from the market hasn’t helped. Fewer snowbird buyers from up north have returned, leaving a small gap in demand. That may shift this winter as travel picks up again.

Wrapping It Up

So where does this leave us as August closes? The Greater Phoenix market is steady but segmented. Builders in coolor markets are discounting, resales are holding firm, sentiment is climbing, and foreclosures are worth watching but not alarming. Rates remain the wild card. If they drift down, demand could climb sharply.

For now, buyers have leverage in certain parts of The Valley, while sellers in desirable zip codes still command multiple offers. Snowbirds are returning, the weather is cooling, and the market is holding its breath for the next move. Pay attention to LUXE BLOG where we continually update statistics and relevant info.