Data sourced from Realtor.com and Redfin. Rates as of April 15, 2025. Source: Bankrate.
In January 2025, 15.4% of pending home sales in the Phoenix metro area were canceled, up from 14.3% the previous year. High prices and mortgage rates contribute to buyer hesitancy.
Source: Axios
Get Pre-Approved Before House Hunting
Securing a mortgage pre-approval not only clarifies your budget but also strengthens your position when making an offer. Sellers often favor buyers who have demonstrated financial readiness.
Chart of the Phoenix real estate market trends:
Source: Arizona Real Estate Notebook Stay informed with Seeking Agents™ – your trusted source for Phoenix real estate insights.Phoenix Metro Real Estate Snapshot
Week of April 15, 2025
📊 Market Overview
📈 Mortgage Rates Update
📉 Home Sale Cancellations on the Rise
💡 First-Time Homebuyer Tip
📊 Visual Market Trends
This article is for informational purposes only and does not constitute financial advice.
Always consult with a licensed real estate professional before making any real estate decisions.