Are We in a Buyer’s Market? Here’s What the Numbers Say
If you’re wondering what’s happening in the Phoenix real estate market this spring, you’re not alone.
This month’s data shows a market that is stabilizing, with more homes available, price adjustments, and continued long-term economic strength in the Valley.
Let’s explore what’s happening in Phoenix, Scottsdale, Paradise Valley, and beyond.
📉 Is the Phoenix Real Estate Market Cooling?
Yes — but do not panic.
We’re not in a crash. Instead, we’re seeing a shift toward more balance. A great time for buyers:
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More homes are on the market (inventory is up)
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Buyer activity is steady, but slower than last year
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Less competition, more negotiation power for buyers
This means the current market is where buyers have time to shop, compare, and negotiate.
💰 Phoenix Home Prices in April 2025
While home values are still strong overall, prices have slightly adjusted since 2024 .
🔹 Median Sale Price:
$446,263 in April 2025
➡ Down 1.9% from April 2024
➡ Still up from April 2023 ($429,000)
🔹 Average Price per Square Foot:
$304.97
➡ Down just 1.3% YoY
➡ Up nearly 9% since April 2023
These numbers show a market correction, not a collapse. It’s still a great time to sell and a strategic time to buy.
📍 Which Cities Are Performing Best?
Top Seller’s Markets:
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Chandler
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Avondale
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Phoenix
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Scottsdale
Balanced Markets :
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Paradise Valley
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Mesa
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Gilbert
Buyer's market:
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Peoria
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Goodyear
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Surprise
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Queen Creek
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Cave Creek
These trends are ideal for those relocating to Arizona, downsizing, or buying a second home.
🚀 Arizona’s Economy Is Fueling Long-Term Growth
Even with a short-term market shift, Arizona remains one of the fastest-growing states in the country — and the reasons are clear.
✅ Massive Business Investments:
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TSMC: $25B semiconductor project in Phoenix
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Roche: $50B U.S. pharmaceutical expansion, including Arizona
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Expanding sectors: batteries, aerospace, manufacturing, R&D
✅ Ranked #1 for:
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Semiconductor industry
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Workforce training
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Business climate (source: Business Facilities)
All of this supports strong long-term demand for housing, especially in Phoenix, Scottsdale, and Paradise Valley.
🧭 What Does This Mean for You?
✔️ If You're Buying:
You’ll find more options, more flexibility, and slightly lower prices. It's an excellent moment to buy before demand picks up again.
✔️ If You're Selling:
Homes are still selling — especially in desirable areas — but pricing and presentation are more important than ever.
✔️ If You’re Investing:
With long-term economic drivers in place, Arizona remains one of the top real estate investment markets in the U.S.
🤝 Need Help Navigating the Market?
Whether you're planning to buy a home, list your property, or expand your real estate portfolio, I’m here to guide you every step of the way.
As a bilingual French-English real estate agent based in Scottsdale, Phoenix, and Paradise Valley, I offer:
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✅ Personalized buying & selling strategies
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✅ Local market expertise
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✅ Property management services
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✅ Support for international and relocating clients
Let’s make your real estate goals a reality.
📩 Contact me today to schedule a free consultation.
Arnaud Lavigne - Broker/owner
🏠 Real Estate Agent – Scottsdale | Phoenix | Paradise Valley
🌐 Bilingual Service | Property Management | Market Expert
