2025 YTD Phoenix Market Changes
If there is one eternal constant in the universe, it is CHANGE. This includes the Phoenix real estate market. What has happened to prices, interest rates, distressed properties, inventory and market indices? Thats what we’ll explore in the Phoenix Market 2025 YTD update.
Inventory and Median home prices
Listings have increased 26% this year and 44% since the same time last year. The thing that is not mentioned is that we are returning to pre-pandemic inventory levels. Many say the inventory increase is causing a crash in the Phoenix real estate market.
Median home prices have decreased 2% in 2025 through July. This has lead many to believe that the trend will continue during the second half of the year. The Cromford Market Index shows this to be a strong possibility.
Phoenix - A Buyer's Market?
With all the changes we’ve seen so far, what does the next 6 months have in store? A good source is the Cromford Market Index.
The Market Index proposes that a balanced market is 90 – 110. A seller’s market is above 110, and a buyer’s market is below 90. Right now the Cromford Market Index for the Phoenix area is at 74, a buyer’s market. We must also remember that each city is unique with its’ own score. Buckye and Casa Grande has an index of 49, strong buyers’ market. Chandler finds itself at 108, in the balanced range. The Cromford Market Index suggests the 2nd half of 2025 will experience continued price pressure. This is a welcome signal to Phoenix home buyers that have endured a seller’s market and price increases in most recent history.
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