With rising mortgage rates and shifting inventory, many buyers are wondering: Is now the right time to buy a home in Arizona? The short answer: it depends. But if you’ve been on the fence, here’s what you need to know about the 2025 Arizona housing market, plus a few signs that now might actually be the perfect time to make a move.
1. Home Prices Are Stabilizing (But Not Dropping)
While Arizona saw rapid price increases over the last few years, many markets—especially across the Valley, have cooled slightly. Prices have steadied, which can benefit buyers looking to avoid bidding wars.
2. Interest Rates Are Still Higher—But You Can Refinance Later
Yes, rates are higher than they were in 2020-2021. But many lenders are offering creative solutions, and refinancing later remains an option. Buying now locks in your home, even if your rate isn’t forever.
3. Inventory Is Slowly Increasing
Across the Phoenix metro area, more homes are coming to market, which gives buyers more negotiating power than they’ve had in recent years. This includes Scottsdale, Tempe, Mesa, and beyond.
4. Renting May Cost You More
Rent prices across Arizona remain high. Depending on your goals, buying could actually save you money in the long run, while also building equity.
If you’re exploring buying a home in Arizona, especially in areas like Scottsdale, I’d love to walk you through the pros and cons, and what makes sense for your situation. Book a call with me to start the convo.
