QUARTERLY HOUSING SUMMARY Q4 2025

The Q4 2025 ARMLS Quarterly Housing Summary shows Arizona’s housing market continuing to normalize, with performance varying widely by county and ZIP code. Median and average sales prices remain elevated year-over-year in many areas, but price growth has slowed and softened in select rural and secondary markets. Days on market increased across most counties, signaling reduced urgency and giving buyers more leverage than in prior years. While closed sales rose in several counties, higher inventory levels and increased months of supply point to a more deliberate pace of transactions. Overall, Q4 data reflects a market driven less by frenzy and more by pricing accuracy, property condition, and location-specific demand—setting the stage for a more balanced and strategic 2026.