Are home prices about to drop? Is now the right time to buy or sell? If you’re navigating the Arizona real estate market, you need to see the latest Cromford® Market Index update—and it’s revealing a significant shift.
Over the past month, 15 out of 17 major cities in Arizona have experienced market slowdowns. What does this mean for you? Whether you’re a buyer looking for the best deal or a seller wondering if now is the time to list, I’ll break down what’s happening and what you need to do next.
Arizona Real Estate Market Trends – February 2025
The numbers don’t lie—the market is cooling off for sellers, and fast. The Cromford® Market Index (CMI) measures whether we’re in a buyer’s, seller’s, or balanced market. A CMI above 110 favors sellers, while anything below 90 indicates a buyer’s market.
Key Takeaways From This Month’s Report:
✅ 15 out of 17 cities saw a decline in their market index.
✅ The average drop is 8%, accelerating from last week’s 5.5% decline.
✅ Only Goodyear and Queen Creek showed a 1% increase—a minimal gain.
✅ The biggest market slowdowns are happening in:
• Fountain Hills (-21%)
• Maricopa (-16%)
• Paradise Valley (-14%)
• Glendale (-12%)
• Avondale (-11%)
Right now, 7 cities remain seller’s markets, 5 are balanced, and 5 have shifted into buyer’s markets.
What’s Driving This Shift?
✅ Rising Inventory – More homes are hitting the market, giving buyers more options and reducing competition.
✅ Post-Super Bowl Effect – Historically, demand increases after the Super Bowl, but this year, supply is growing even faster.
✅ Buyer Hesitation – Higher mortgage rates and economic uncertainty are causing some buyers to wait for better deals.
For sellers, this means pricing strategically is critical—homes sitting too high above market value won’t move. For buyers, this could be the opportunity you’ve been waiting for as the market tilts in your favor.
Should You Buy or Sell Right Now?
If you’re a seller, you need a strong pricing and marketing strategy to stand out. I specialize in high-impact marketing, strategic pricing, and negotiation techniques to help sellers maximize their returns even in shifting markets.
If you’re a buyer, this is your moment. With growing inventory and less competition, you have more negotiating power than we’ve seen in months.
📩 Let’s strategize your next move. Whether you’re thinking about buying or selling, I can help you navigate this changing market with confidence.
Stay Ahead of the Market – Work With an Expert
The real estate landscape is changing quickly. Don’t leave your biggest investment to chance.
💬 DM me, call, or email to discuss your best strategy!
📍 Dario Lorenzo | Russ Lyon Sotheby’s | Scottsdale, AZ
📞 (480) 766-6725