Phoenix Metro Real Estate Snapshot
Week of August 03, 2025
📊 Market Overview
- Median Listing Price: $479,000
- Median Sold Price: $470,000
- Median Price per Sq Ft: $279
- Active Listings: 5,916
- Median Days on Market: 59 days
- Market Type: Balanced
Data sourced from Redfin.
📈 Mortgage Rates Update
- 30-Year Fixed: 6.75% (down 3 basis points from last week)
- 15-Year Fixed: 6.05% (down 3 basis points from last week)
Commission savings of 1% on a $400,000 home — that’s $4,000.
Use it to buy down your rate and save ~$67/month on your mortgage.
Agents compete. You save. SeekingAgents.com
Rates as of August 06, 2025. Source: Bankrate.
📉 Home Sale Cancellations on the Rise
Home sale cancellations in Phoenix are increasing slightly as buyers hesitate due to high inventory and stabilizing prices, with some deals falling through during inspections. Source
💡 Homebuyer Tip of the Week
Get Pre-Approved Early
A mortgage pre-approval strengthens your offer in Phoenix’s competitive market. Find expert agents at seekingagents.com to guide you.
💡 Homeseller Tip of the Week
Price Competitively from the Start
Set a realistic price based on recent Phoenix sales to avoid prolonged listings. Get pricing advice from agents at seekingagents.com.
📊 Visual Market Trends
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.
*Savings are not guaranteed and depend on market conditions and agent negotiations.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.