Arizona homebuyers are gaining negotiating power as the housing market continues to shift, but rising mortgage rates are making it harder to afford a home, according to a new report from Realtor.com.
Both the Phoenix and Tucson metropolitan areas are classified as balanced markets moving toward buyers in the latest the Realtor.com® Market Clock® report for the third quarter of 2026.
The Phoenix-Mesa-Chandler and Tucson markets each received a reading of 4 o’clock on the Market Clock, placing them in the “late balanced, loosening” category. That means neither buyers nor sellers have a decisive advantage, but market conditions are increasingly moving in buyers’ favor…