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In the coming months, it’s important to watch whether buyer activity continues to cool, as even small declines in sales can signal growing sensitivity to higher mortgage rates. Keep an eye on pricing trends, because while the recent jump in average sales price reflects stronger high-end activity, it may not hold if affordability pressures deepen. Finally, monitor inventory levels closely. The slight tightening in supply helped sellers this month, but any increase in new listings could quickly shift the balance back toward buyers.
– Grant Van Dyke
Metro Phoenix
Average Sales Price: October 2025 > $1,003,121 vs November 2025 > $1,072,508 = 7% increase
Average Days On Market: October 2025 > 83 vs November 2025 > 87 = 5% increase
Average Sale Price Per Square Foot: October 2025 > $368 vs November 2025 > $382 = 4% increase
Sale to List Price Ratio: October 2025 > 96.42% vs November 2025 > 96.21% = 0%
Number of Sold Listings: October 2025 > 434 vs November 2025 > 415 = 4% decrease
Months Supply of Inventory: October 2025 > 5.57 vs November 2025 > 5.4 = 3% decrease
Mortgage Rate: October 2025 > 6.23% vs November 2025 > 6.33% = 2% increase
Top 10 Sales
$13,300,000 6684 E Cactus Wren Rd, Paradise Valley
$7,700,000 5814 E Camelback Rd, Phoenix
$6,900,000 5401 E Calle Del Medio –, Phoenix
$6,600,000 6426 E Turquoise Ave, Paradise Valley
$6,500,000 6850 N 39th Place, Paradise Valley
$6,387,500 4201 N 57th Way, Phoenix
$6,200,000 5819 E Calle del Media, Phoenix
$5,350,000 6443 E Malcomb Dr, Paradise Valley
$5,200,000 6862 E Joshua Tree Ln, Paradise Valley
$5,100,000 5824 N 33rd Place N, Paradise Valley
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➡️ 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
