Arizona Real Estate Market Update – Inventory Drops, Sales Surge
By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
As of May 2025, Arizona's real estate market is experiencing a dynamic shift, characterized by increased sales activity and declining inventory levels.Key Market Statistics: Active Listings: 26,114 properties currently for sale statewide. Closed Sales: 7,208 properties have closed so far in May, marking an 11% increase from April. Pending Sales: 8,837 properties are under contract. Inventory Supply: The current inventory stands at 3.61 months, down from nearly 5 months in January, indicating a tightening market. Market Trends:The reduction in inventory suggests a shift towards a seller's market, with increased competition among buyers. This trend is further evidenced by the rise in closed sales and properties under contract. However, it's important to note that while sales activity is u...
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