Market Update - April 2025: What’s Happening in the Mid-Range Market?

Let’s zoom in on what’s going on in Arizona’s mid-range housing market — homes priced between $300,000 to $1,000,000. This segment makes up the majority of primary residences in the state, so understanding this market is crucial for both buyers and sellers.

📊 Inventory Is Climbing

• The average days on market for mid-range homes is now 106.7 days.

• That’s already above the long-term average of 94 days — and it’s still rising.
  If this trend continues and reaches 140 days, we’ll officially shift into a buyer’s market for this price tier.

🏠 What’s Causing the Slowdown?

• Oversupply is a major factor — especially compared to the pandemic era when homes were flying off the market in 20–30 days with multiple offers.

• Today, buyers are more selective, with more inventory and stronger negotiating power.

🧠 Key Takeaway for Sellers

While we’re still in a balanced market, we’re getting close to tipping into buyer territory. If you’re selling in this range, here’s what you should focus on:

• Staging the home to improve first impressions

• Competitive pricing to stand out

• Offering buyer incentives like rate buy-downs or closing cost assistance to spark interest

Now is the time to adapt your strategy — waiting too long may mean competing in a market tilted in the buyer’s favor.

📍Want a custom market report for your city, neighborhood, or zip code? Reach out and I’ll send you a free, personalized report to help guide your next move.