It’s definitely an adventurous time for homebuyers! By late Q3, monthly payments for the typical US buyer soared to $2,600—a 14-month high—thanks to rising mortgage costs and steady home prices. The national median sale price nudged up around 2% year-over-year to about $399,000, which has made affordability even more of a challenge and kept pending sales flat month-over-month and lower compared to last year.
Mortgage-purchase applications have dipped slightly, and while new listings slowed down a bit thanks to holiday timing, they’re still a touch higher than the same period in 2025. What really stands out is how important the right seller strategy has become: about 21% of active listings made price cuts, and sharp, realistic pricing is drawing attention—while overpricing is giving buyers pause.
Inventory is showing a little improvement too, with active supply up about 2% year-over-year to 1.5 million homes and overall supply hovering near four months. That’s still not quite a balanced market, but it’s a step in the right direction. If you’re looking for guidance as you navigate these ups and downs, I’m always here, passionate about helping you find your perfect Arizona home—no matter where the adventure leads!
Leave a Reply