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In the coming months, it’s important to watch whether strong buyer demand continues, with sales up 9% year-over-year even as prices hold flat. Inventory remains tight at just 2.73 months, but rising Expireds and Cancelled properties show that sellers who overprice may struggle to find buyers. With mortgage rates steady around 6.27%, the market’s direction will hinge on whether affordability pressures tip conditions further toward buyers or keep competition strong.
– Grant Van Dyke
Metro Phoenix
Average Sales Price: Q3 2024 > $974,063 vs Q3 2025 > $975,125 = 0% Change
Average Days On Market: Q3 2024 > 69 vs Q3 2025 > 81 = 17% increase
Average Sale Price Per Square Foot: Q3 2024 > $361 vs Q3 2025 > $362 = 0% Change
Sale to List Price Ratio: Q3 2024 > 97.00% vs Q3 2025 > 96.09% = 1% decrease
Number of Sold Listings: Q3 2024 > 1181 vs Q3 2025 > 1289 = 9% increase
Months Supply of Inventory: Q3 2024 > 2.85 vs Q3 2025 > 2.73 = 4% decrease
Mortgage Rate: Q3 2024 > 6.24% vs Q3 2025 > 6.27% = 0% Change
Top 10 Sales
$17,000,000 5704 N Wilkinson Rd, Paradise Valley
$12,500,000 7010 N 59th Pl, Paradise Valley
$10,500,000 4901 E Butler Dr, Paradise Valley
$9,500,000 40 Biltmore Est, Phoenix
$8,700,000 4644 E Indian Bend Rd, Paradise Valley
$8,500,000 3827 E Marlette Ave, Paradise Valley
$6,750,000 5842 E Redwing Rd, Paradise Valley
$6,550,000 6802 E Sunnyvale Rd, Paradise Valley
$6,200,000 9810 N 57th St, Paradise Valley
$6,100,000 5400 E Valle Vista Rd #6, Phoenix
GRAB OUR FREE COURSES
➡️ 6 Steps To Home Buyer Success – http://vandykebuyerplan.com
➡️ 7 Steps To Home Seller Plan – http://vandykesellerplan.com
➡️ 8 Steps To Agent Success – http://vandykeagentplan.com
