2025…Year of the Buyer!

How much longer will this last though? We are finally seeing some signs that rates will start to decline.

For Sellers – The numbers continue to tell a story that EVERY buyer will enjoy. Now more then ever it is important that sellers understand what is happening in our market. If you don’t, this can cost you 10s of Thousands of Dollars! A silver lining however can be that the supply of homes on the market has declined (down 6% from a month ago) so you will have less competition.

· Under Contract Listings – down 4.3% from last month

· Closed Sales – down 7.3% from last month

· Avg Sales Price p/sq ft – down 2.9% from last month

For Buyers – You will continue to get GREAT DEALS from sellers. 58% of sales have sellers contributing to a buyer’s closing costs and rate buy downs which is a record high! Combine this with the high number of homes for sale AND the high number of days on market…sellers are working hard to get under contract and STAY under and CLOSE! However, keep in mind that this won’t last forever…see below

· Active Listings – down 6.2% from last month (competition to increase??)

· Mortgage Rates – currently at their lowest rates of the year (more buyers to enter the market??)

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 08/24/25:
Mortgage Rates – FHA 6.11%, VA 6.13%, Conventional 6.52%
Arizona Inventory – Over 24,000 Homes For Sale (per ARMLS)

Thought Of The Day…
So far the monsoons have sucked here in AZ!