April 2025 // For the first time in over a decade, housing supply levels in the Arizona market have returned to what we would consider "normal" territory. This is significant—after years of inventory shortages, buyers are now seeing more options, and that’s a refreshing shift. Even better, April is showing encouraging signs of improved buyer demand, adding a bit of momentum to what has been a hesitant market.

According to market expert Tina Tamboer, this may actually be one of the best times to buy, suggesting we could be at or near the bottom of the market cycle. That said, much of this optimism hinges on one key factor: mortgage rates.

Following a recent tariff announcement that shook the stock market, mortgage rates have dipped to their lowest levels in over five months. If this downward trend continues—as many economists are predicting—we could see a healthy bump in contracts and buyer activity. Lower rates mean more buying power, and that’s exactly the kind of fuel today’s market needs.

The luxury segment has held strong, but it’s not immune to turbulence. With ongoing stock market volatility, there’s potential for a softening in high-end sales. If that happens and lower price point activity picks up, the data could misleadingly suggest a drop in home values. In reality, it may just reflect a shift in market share.

In this current buyer-friendly climate, the increase in available listings is starting to put downward pressure on pricing, especially in more saturated neighborhoods. For sellers, this means pricing strategically is more important than ever. For buyers, this could signal a unique opportunity to secure a home before rates or prices shift again.