Arizona Housing Market Update - August 23th 2025: Buyer Competition Heats Up Fast!
Welcome back to this week’s market update! Today we’ll look at what’s happening in the Arizona housing market and compare it with national trends. The focus is on supply, demand, and where the balance of power is shifting between buyers and sellers.
📊 Arizona Market Overview
The Cromford Market Index (CMI), which measures supply and demand, has been improving for six weeks in a row.
CMI above 110 = Sellers’ Market
CMI between 90–110 = Balanced Market
CMI below 90 = Buyers’ Market
14 of 17 major cities in Maricopa County are trending toward sellers.
Top Movers:
Fountain Hills: 137 (+28%)
Cave Creek: 123 (+26%)
Scottsdale: 118 (+24%)
Paradise Valley: 196 (+18%)
Lagging Cities: Tempe (–7%), Maricopa (–3%), while Goodyear is holding steady.
🏠 Supply & Demand
Active Listings: 20,717 homes in Maricopa County (week 34), down sharply since April.
Supply has been falling while demand has been climbing since week 27.
Result: More markets are tipping back toward sellers, and price pressure could build if the trend continues.
🔎 Current Market Position
Sellers’ Markets: 6 cities (though Avondale and Scottsdale are just barely above the threshold).
Balanced Markets: Glendale, Phoenix, Gilbert, Mesa.
Buyers’ Markets: The rest, with Maricopa and Buckeye the weakest.
➡️ Takeaway for Buyers: If you’re flexible and don’t mind traveling, Maricopa and Buckeye could be great spots to find deals.
🌎 National Market Overview
Buyer Power Strongest: Northeast & Midwest (NY, OH, IL).
Buyer Power Weakest: South & West (FL, AL, AZ).
Home Prices:
Phoenix: –3.3% year over year (a small dip, not a crash).
Austin, TX: –5.7% (worst decline).
Cleveland, OH: +4.2%.
Nationally: Prices up 55% in the last 5 years.
👉 This is an adjustment, not a crash.
💰 Mortgage Rates
Since Nov 2024, rates have been steady between 6.5%–7%, one of the most stable periods in recent history.
