2025 Continues To Chug Along!

Buyer’s Market…Buyer’s Market…Buyer’s Market…

As we go through the last quarter of 2025 Buyers continue to get AWESOME deals on the purchase of their home. Lower purchase prices, seller paid closing costs, seller paid buy-down rates are all benefits that most buyers are getting today.

Interesting To Note – We saw a brief period where mortgage rates dropped a bit and this had a noticeable impact on the market. This can be a good barometer on what we expect if/when mortgage rates drop even more…no one can say when that will happen…but it will happen. And when it does happen, I believe this buyer’s market will move quickly to a balanced market.

· Under Contract Listings – up 1.8% from last month

· Closed Sales – up 3.6% from last month

· Avg Sales Price p/sq ft – up 2.6% from last month

Information provided courtesy The Cromford Report.

Commentary written by Tina Tamboer, Senior Housing Analyst with The Cromford Report
©2023 Cromford Associates LLC and Tamboer Consulting LLC

As of 10/17/25:
Mortgage Rates – FHA 5.99%, VA 6.01%, Conventional 6.23%
Arizona Inventory – Over 26,000 Homes For Sale (per ARMLS)
Days On Market – 65 days currently (per ARMLS)

Thought Of The Day…
Recently we had lots of rain in AZ…and it is still pretty warm…and I’m still wearing flip flops!