11/12/2025
📣 November 2025 Market Update - Phoenix, AZ
Greater Phoenix Housing Market: The Split Is Real.
October’s numbers show a market dividing into two totally different experiences:
🏡 Resale homes are heating up
▪️ Resale activity ↑ 3% year-over-year
▪️ Buyers favor existing homes for value + negotiation
▪️ Median price ↑ only 0.8% YoY (well below inflation)
▪️ 12 cities shifted MORE buyer-friendly this month
🏗️ New construction is cooling quickly
▪️ New home sales fell 15.4%
▪️ Builders are pulling back and reducing volume
▪️ Buyers choosing resale for better pricing leverage
💎 Meanwhile… Luxury is exploding.
▪️ Scottsdale overtook Phoenix in total dollar volume for the first time ever
▪️ Paradise Valley luxury sales ↑ 30% YoY
▪️ Homes $2M+ saw 17.1% dollar volume growth
🔥 Inventory is quietly building
▪️ Active listings up across 1-, 3-, and 12-month trends
▪️ New listings ↑ 25.9% over 3 months
▪️ Buyer leverage is growing → options, negotiation, and the ability to wait
📉 Interest Rates? Slight dip.
▪️ 30-year fixed eased from 6.38% → 6.32%
▪️ But movement is minimal, and affordability is the real focus
Bottom Line:
Buyers today have negotiating power they didn’t have two years ago.
Sellers must price strategically, prepare thoroughly, and act before the holiday slowdown.
If you're thinking about buying or selling—or want to know how today’s split market impacts your home—shoot me a message. I’m tracking the numbers daily and here to guide you clearly through the noise.
* Data provided by the Cromford Report.
Check out the full market update report here: https://kwfwdnetwork.hflip.co/kwsonoranlivingnov2025
Phoenix Market Statistics, Updates and Strategies brought to you by FWD Network
