How Arizona housing market is moving closer to a buyer’s market

For years, home buyers in Arizona faced mounting obstacles, including fierce competition, rising prices and limited inventory. Today’s market, however, points to a change in those trends as the Arizona market is moving closer to a buyer’s market.

Realtor.com recently reported that Phoenix led the nation in delistings in May 2025. While sellers still hold considerable sway, there are growing signs that buyers are gaining more leverage.

DEEPER DIVE: Here’s where the residential real estate market stands in 2025…

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