Is Phoenix the best place to buy right now? | April 2025 Market Update

April 2025 Real Estate Market Update: Phoenix Housing Trends and Mortgage Rates

Welcome to our April 2025 Real Estate Market Update! In this video, we delve into the latest housing trends in Phoenix, Arizona, and compare them to other major cities. We'll also provide insights into current mortgage rates to keep you informed.

*Comparison with Other Cities:*

While Phoenix's housing inventory has seen growth, other regions are experiencing similar trends. For instance, the Triangle area in North Carolina reported a nearly 30% increase in homes for sale over the past year, aiming to provide relief to buyers facing high-interest rates and economic uncertainties.

*Current Mortgage Rates:*

As of April 1, 2025, mortgage rates have shown slight fluctuations:

*30-Year Fixed-Rate Mortgage:* The average rate is 6.79%, up 0.21% from the previous week

*15-Year Fixed-Rate Mortgage:* The average rate stands at 6.05%, reflecting a 0.28% increase over the last seven days.

These rates remain elevated compared to historical averages, impacting affordability for prospective buyers.

*Market Outlook:*

The Phoenix housing market continues to evolve, with increased inventory offering more choices for buyers. However, elevated mortgage rates may influence purchasing decisions. Staying informed about these trends is crucial for making strategic real estate decisions in 2025.


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_