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Midyear market snapshot Inventory up, prices down as city edges deeper into buyers’ market
BY BRIAN PETERSHEIM SR.
M
ARICOPA’S HOUSING MARKET IS SHIFTING MORE clearly into buyer’s territory as inventory rises, price drops multiply and distressed properties make a sharp comeback. As of June 30, there were 665 single-family homes listed
for sale in HOA neighborhoods across the city. Another 170 were under contract and expected to close within 45 days, according to local market data. Of the available listings, just 13% — or 100 homes — included private pools, a critical amenity for many buyers in the summer market. Home prices ranged from a $265,000 three-bedroom in Tortosa to a $720,000 four-bedroom Hacienda home in The Villages boasting more than 4,300 square feet, three lofts and a zero-entry pool. The biggest shift, however, may be in seller behavior and market saturation. Although the real estate data company Altos says we’re close to a buyers’ market, I think we’re already in one. On an average day, I see 12 to 16 homes listed and only eight to 10 going under contract. That means inventory is growing — and sellers are reacting. More than 20 homes drop their asking price on a typical day. While not all reductions are significant, the steady volume indicates a widespread trend among sellers trying to stay competitive. The most eye-popping change: 20 short sales listed in Maricopa as of June 30 — a level not seen in nearly a decade. That number had not exceeded two since 2017. It’s especially concerning for people who bought during COVID at elevated prices. Many of them are now upside down on their mortgages. Only one foreclosure is currently listed, but the number of distressed sales signals potential trouble ahead for vulnerable homeowners. New construction continues to play a major role, with 228 of the active listings identified as new builds — putting further pressure on resale homes. For homeowners trying to compete with builder incentives, high interest rates and buyer buydowns, the market is unforgiving.
Brian Petersheim is a realtor with Maricopa Real Estate Co.
602-206-9644 BrianPetersheim@gmail.com
InMaricopa.com | August 2025
August 2025 | InMaricopa.com
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