It is May 4th and the final April numbers are in for Metro Phoenix. The market feels slow right now, but we are still doing better than this time last year. Here is what the data actually shows.

What the Numbers Say

4,959 single family homes sold in April. That is up from 4,700 in April of last year. The average sale price was $717,940. That is down more than 6.5% from March but still higher than April 2025. Nearly 5,900 homes are under contract right now and the demand to supply ratio is just over 40%.

Prices pulled back. Inventory is up. And buyers have more choices than they have had in a while. Sellers who want to close are responding by lowering prices and adding incentives. That is actually good news if you are a buyer.

Something Worth Knowing Right Now

Last week I met with a home builder who is motivated to get their new community sold. They reduced prices from the low $500s to the mid $400s and are offering a below market interest rate with a 2-1 rate buydown. The rate for year one is 1.99%. Year two is 2.99%. Years three through thirty is 3.99%.*

I went out and shot video of all four floor plans and put together a guide with those videos embedded, along with detailed information about the homes and the area. There are 33 homes already built and ready to close. If something catches your eye you could be in quickly.

View the full guide here: https://publuu.com/flip-book/819637/2451062

The Bottom Line

The market is adjusting. Sellers who understand that are creating real opportunities for buyers right now. If you have questions about the market or want to talk through the new homes, call or text me at 602.770.7205 or email [email protected].

*  APR 4.718% The mortgage buy down is through DHI Mortgage NMLS #143246. Rates are subject to credit approval and change without notice.