Arizona Market Update - April 2025: The Truth About Foreclosure Trends

April 09, 2025•1 min read

Hey Arizona homeowners and future buyers — Long here with your April 2025 real estate update, and today we’re diving into one hot topic: foreclosures.

There’s been some buzz about rising foreclosure numbers, and if you’ve seen the headlines, you might be wondering if it’s time to panic. So let’s break it down:

🔍 What's Really Going On?

Foreclosure filings (pending notices) in Arizona nearly doubled from April 2024 to April 2025.
That sounds alarming, but let’s put it into context:
➤ We currently have about 1,400 pending foreclosure notices statewide.
➤ The historical average before the pandemic was around 1,800 — so we’re still below normal.

❗ What Is a Pending Foreclosure?

A pending foreclosure (aka Notice of Trustee’s Sale) means the lender has notified the county that a homeowner hasn’t paid their mortgage for 3 months and foreclosure proceedings may begin. It’s an early warning — not a guaranteed sale.

⚠️ What Does This Mean for the Market?

While the rise is notable, it’s a yellow flag, not red.
It could indicate early signs of economic stress — like job losses or inflation-driven struggles — but it’s not a crash.
For buyers and sellers, it’s a signal to watch the trend, not panic.