26 Apr Why Right Now Might Be the Best Time to Buy a Home in Arizona
If you’ve been sitting on the sidelines wondering if it’s a good time to buy a home, keep reading. With so much noise in the media about politics and the economy, it’s easy to miss what’s really happening in the Arizona housing market. Today, I’m here to tell you—there’s a huge opportunity right now for buyers, and not enough people are talking about it.
The Market Is Quietly Shifting to Favor Buyers
Spring is usually the time when we see a burst of energy in the housing market—more listings, more buyers, and a flurry of activity. But this year is a little different. While inventory is growing like it typically does in the spring, buyer demand isn’t growing at the same pace.
We’re officially in a buyer’s market, and it’s a lot more subtle than people realize. Supply is outpacing demand, and that’s giving buyers the upper hand for the first time in quite a while.
What the Numbers Are Telling Us
Here’s a quick look at what’s happening right now:
- We have a 3.3-month supply of homes in Arizona, which is a sign that buyers have more options and less competition.
- Median home prices are down, making it easier to get more value for your money.
- The price per square foot for homes going under contract has dropped about $35 compared to a year ago.
In simple terms? Homes are more affordable, and sellers are much more open to negotiations than they were even six months ago.
Why Waiting Could Cost You
One of the biggest mistakes I see buyers make is waiting for “perfect timing.” The truth is, you can’t perfectly time the market. When interest rates drop, the competition heats up immediately—and prices often spike.
Right now, even though rates are higher than a few years ago, there are ways to work around that:
- Seller concessions are back. You can often negotiate for the seller to help cover closing costs or buy down your interest rate.
- Assumable mortgages are available in some cases, letting you take over a seller’s lower rate.
- Rate buydown programs can help you lock in a lower monthly payment than you might expect.
If you act now, you might be able to secure a home at today’s lower prices—and refinance down the road when rates settle back down.
This Is the Window You’ve Been Waiting For
I’ve been in real estate for over 20 years. I lived through the last housing crisis, and I can tell you—the signs. Smart buyers are taking advantage of this quiet shift in the market before everyone else catches on.
There’s no need to panic or rush, but there is a huge opportunity to buy smarter right now. If you’ve been thinking about buying, let’s talk about how to make it work for you.
Call or text me anytime at (602) 329-7782. I’d love to help you navigate the market, negotiate a great deal, and make your move with confidence.