Active Listings:
The Arizona Regional Multiple Listing Service (ARMLS) reports 22,257 active residential listings, reflecting a slight increase in inventory compared to recent days, providing more options for buyers.
Home Prices:
The average home value in Arizona is currently $426,947, marking a 0.4% increase over the past year. This steady growth indicates a relatively balanced market.
Sales Activity:
In December 2024, Arizona saw a 17.6% year-over-year rise in home sales, highlighting strong buyer interest and competitive activity.
Market Predictions:
The Arizona Association of REALTORS® anticipates further activity throughout 2025, with stabilized interest rates likely encouraging both buyers and sellers to engage in the market.
The current trends underscore a balanced market with growing inventory and stable pricing, making it a potentially advantageous time for buyers and sellers alike.
For your specific home needs, contact me.