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Phoenix Arizona Real Estate Market Update - Days of Inventory keep climbing

  • Writer: Carver Home Team
    Carver Home Team
  • Mar 27
  • 2 min read

Market Update - March 25, 2025

9 out of our 17 Major Cities are still in Seller’s Markets, 3 are in Normal/Balanced Markets and 5 are in Buyers Markets - AND the Monthly Median Sales Price is up 4.4% Year over Year. BUT Days of Inventory keep climbing…By how much? Let’s get into it and take a closer look at the Greater Phoenix Real Estate Market.


  • 24,898 Homes for Sale

  • 9,118 Homes are Under Contract/Sale Pending

  • 16,307 Homes Sold over the Past 90 Days

  • There is 137.4 Days of Inventory

  • The Average Days on Market is 76

  • The List to Sales Price Ratio is 97.4%

  • The Average Sales Price is $632,858

  • The Average Last Week was $628,685

  • The Average 1 Year ago was $573,077

  • The Monthly Median Sales Price is $467,000

  • The Monthly Median Sales Price Last Year was $447,490

  • The Monthly Median Sales Price is UP 4.4% from last year


The Monthly Median Sales Price of $467,000 is UP 1.52% from Last Months $460,000


Our Current Annual Median Sales Price is $460,000


2024’s Annual Median Sales Price was $450,000


The Annual Median Sales Price is UP 2.22% from Last Year



Let’s go deeper…

Days of Inventory continue to climb. We began the year at 113 Days and a year ago we were at 98 Days. Today we have just over 137.


How does this compare to our highest ever. Well that was back in April of 2008 when we hit 429 Days or a little over 14 months. I also remember seeing 4 years of inventory in some areas. It was really bad back then.


Our historical average is 125 Days of Inventory so we are just over that at 137.


Those areas back then that were not doing so well were on the outskirts of the valley and those are the same Major Cities that are in Buyers Markets today. Those are Maricopa, San Tan Valley/Queen Creek, Buckeye, Surprise and Goodyear. WHY? Those are still getting built out and developed.


The closer in core and established areas in the Valley and or considered Luxury Markets are the ones in Seller’s Markets - HOWEVER those are in weak Seller’s Markets. Unless you’ve been on the market for just 1 to 2 weeks you really don’t have that much leverage right now as a Seller.


So overall we are still in a Normal-ish Market where one has to be patient as a seller and if you’re a buyer you’ve got more inventory to look at with less competition than we’ve seen the past few years.


That’s it for this weeks market update. If you have any questions regarding the Greater Phoenix Real Estate Market just drop those in the comments or contact me directly.


In the meantime if you know anyone interested in buying or selling real estate I’m never too busy for your referrals or to assist you.


Text or Call Dean at 602-391-9434 with any of your #Arizona real estate questions.



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