Watching the U.S. housing market gradually rebalance has been an interesting ride—especially for those of us helping Arizona families navigate these shifts every day. Active inventory is up about 4% year-over-year nationwide, but for the first time in five weeks, that growth slowed a bit. This signals a gentle, buyer-friendly adjustment rather than any dramatic surge in supply. Homes are sitting on the market for an average of 61 days—steady compared to last year, and right in line with what we typically see as late Q3 arrives.
New listings have dipped just 1% from last year, bringing us back to 2025 levels. Affordability is still front and center: some buyers are pausing, and some sellers are holding back, not quite ready to test the waters on pricing. The national median listing price is at $419,000, down about 1% from a year ago, and the median price per square foot has slipped to $222—its lowest since early Q1 2026.
Inventory gains and higher mortgage rates are slowly shifting the balance toward buyers, but the market overall is moving at a measured pace. I’ve always believed that every client deserves a tailored approach, especially when things are shifting quietly rather than dramatically. My background in both lending and commercial real estate helps me see the full picture—making sure the families I work with are confident, well-prepared, and supported whether they’re buying or selling across the Valley.
Leave a Reply