Phoenix Metro Real Estate Snapshot
Week of July 06, 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: 6.80% (down 7 basis points from last week)
- 15-Year Fixed: 6.10% (down 7 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 July 07, 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
Review the HOA Rules Before Making an Offer
Some communities have restrictive rules, fees, or special assessments. Ask for a copy of the HOA documents before you buy. For guidance, visit seekingagents.com.
💡 Homeseller Tip of the Week
Highlight Energy-Efficient Features
Showcase solar panels or smart thermostats to appeal to eco-conscious buyers. Find agents to market your home 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.