📉 Active Listings – There are currently 25,893 active listings in Arizona, a 7.66% drop from last month but still 52% higher than this time last year. This indicates a significant year-over-year increase in seller activity despite a monthly decline.

📈 Monthly Sales – A total of 7,164 homes sold last month, rising 3.21% from the previous month and 4.46% from last year. Buyer demand is holding steady and showing moderate growth.

🏘️ Month Supply of Inventory – Inventory supply has risen sharply to 3.61 months, a 42% increase from last month. This suggests the market is gradually shifting toward more balanced conditions, giving buyers more options.

🆕 New Inventory – Arizona saw 10,950 new listings this month, down 2% from last month but up nearly 18% from last year. Sellers are entering the market at a higher rate than in 2024, despite a slight seasonal slowdown.

💰 Median Sales Price – The median home price is now $445,000, showing a 2.2% dip from last month and a slight 1.11% drop from last year. Home prices are softening, potentially creating better opportunities for buyers.

⏳ Average Days on Market – Homes are now taking an average of 78 days to sell, up 2 days from last month and 11 days year-over-year. This slower pace reflects increased inventory and more cautious buyer behavior.

📊 Summary:
The Arizona real estate market is showing signs of cooling off, with rising inventory, slower sales cycles, and slight price declines. However, year-over-year growth in both listings and sales indicates the market is still active—just shifting toward more balance between buyers and sellers.