Phoenix Metro Real Estate Snapshot
Week of August 17, 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: 6.64% (down 11 basis points from last week)
- 15-Year Fixed: 5.94% (down 11 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 18, 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
Explore Up-and-Coming Neighborhoods
Phoenix has hidden gems with growth potential; research areas like South Phoenix. Connect with local experts at seekingagents.com for insights.
💡 Homeseller Tip of the Week
Stage Your Home for Maximum Appeal
A well-staged home can attract more buyers and higher offers in Phoenix’s market. Visit seekingagents.com to find staging experts.
📊 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.