August Real Estate Market Update | SUMMER 2025 SALES

📉 Mortgage Rates: U.S. National & Phoenix Snapshot
National Average: As of early August 2025, the average 30‑year fixed mortgage rate is approximately 6.75% APR, with most reports ranging between 6.72% and 6.76%.

Outlook: Forecasts suggest 30‑year rates will remain above 6% through the end of 2025—possibly trending toward 6.4% by year-end and 6.0% in 2026.

📊 Phoenix Market Snapshot: Home Values & Sales Activity
Median Sale Price: In June 2025, Phoenix homes sold for a median of $456,000, up about 0.2% year‑over‑year.

YoY Trends: Broader data shows home price growth slightly negative at around –0.4% year-over-year in Maricopa County, with values near $466,900.

Inventory & Sales: Active listings are up approximately 47% year‑over‑year, with buyers seeing more options and longer days on market.

🏘️ Supply & Demand in Phoenix
Rising Inventory: Phoenix has nearly quadrupled the number of homes for sale compared to early-pandemic lows, creating more balanced conditions.

Cooling Demand: Slower migration and increased resale activity—especially from investor-owned properties—are contributing to rising supply and mild price pressure.

🏢 Condo Market & Segment Insights
Condo Market: Inventory is rising and demand is slowing, extending days on market and creating more favorable conditions for condo buyers.

Segment Shifts: Entry-level and mid-tier homes are experiencing more downward pricing pressure, while luxury markets in areas like Paradise Valley and North Scottsdale remain stable.

🌎 National Housing Trends
Rate Landscape: National mortgage rates remain in the mid-6% range, driven more by shifts in the 10-year Treasury yield than by direct Fed action.

Supply vs. Demand: Inventory across the U.S. remains limited, but has ticked up slightly—offering some relief for buyers in certain markets.

Outlook: Experts expect elevated rates and tight inventory through 2025, with modest improvements in affordability and demand possible by 2026.

Daniel Brown is the Founder, CEO, & REALTOR® at Myriad at My Home Group. Located in Central Phoenix, Myriad serves clients throughout the Phoenix metropolitan area.

Website: http://www.MyriadAZ.com/
Facebook:   / myriadrealestate  
Daniel's Instagram:   / dannybrownaz  
Myriad's Instagram:   / myriadaz_