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Arizona Regional MLS Housing Inventory
NOTE: Mortgage rates averaged 3.15% during the last year of the Trump Administration in 2020. Mortgage rates rose to an average of 6.74% in 2024. The current average for 2025 is 6.79%. (rates courtesy of the Federal Reserve Bank of St. Louis).
Housing Inventory Quick Stats
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August began with 24,125 listings, down -1,006 properties from July
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August's listings are 6,421 higher than August of 2024
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August's listings are 165% of the 3-year average
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Housing inventory averaged under 6,000 homes per-month in the year before interest rates jumped
Arizona Regional MLS Housing Inventory
Arizona Regional MLS Housing Inventory plays a crucial role in shaping the real estate market. When inventory levels are low, it often leads to increased competition among buyers, driving up prices and creating a seller's market. Conversely, a high inventory can result in more choices for buyers, leading to slower and potentially lower prices, creating a buyer's market. these dynamics are essential for both buyers and sellers to make informed decisions in their real estate transactions.
Arizona Regional MLS Housing Inventory can be affected by interest rates, home prices and affordability, and new construction activity. Government policies and regulations, as well as demographics and population growth can be factors in the number of home listings.
When investors enter the housing market aggressively, housing inventory shrinks, competition increases, and affordability can worsen for individual homebuyers. Over time, this can reshape neighborhoods into renter-heavy communities and contribute to long-term supply challenges if new housing isn't built fast enough.
Seasonal trends also affect Arizona Regional MLS Housing Inventory. More sales occur in the spring and early summer, which reduces inventory. Sales slow in fall, and reach they reach their lowest levels in the winter months.