Market Perspective: Greater Phoenix Housing (Dec 21, 2025) | Ryan Harju

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Market Perspective | Greater Phoenix

Market Perspective | Greater Phoenix — December 21, 2025

The market isn’t simply up or down — demand is selective. Here’s where buyers are actually moving, and why understanding that helps you make better decisions.

Published December 21, 2025 Demand · Product Type · Affordability

What matters right now

Here’s what matters — and how I’m thinking about it. Right now, I’m not focused on headlines. I’m focused on how buyers are actually behaving across the Greater Phoenix market.

The market isn’t “up” or “down.” It’s selective — and demand is concentrating in specific product types.

Demand is still there, but it’s showing up most consistently in homes that offer space, flexibility, and a manageable monthly payment. That’s why single-family homes continue to outperform — and why we’re seeing a growing share of alternative housing options gain traction with buyers.

Why condos and townhomes are lagging

Condos and townhomes are a different math problem right now. Between financing, insurance, and HOA costs, the all-in monthly payment doesn’t work the same way for a lot of buyers.

  • Buyer behavior: people want room to live, work, and breathe — and they’re being intentional about price.
  • Cost stack: HOA + insurance + financing tightens affordability in attached housing.
  • Result: softer demand in condos/townhomes compared to single-family.

The takeaway

When you understand where demand is moving, you make better decisions — pricing, timing, property selection, and negotiation strategy all get cleaner. Local beats general. Behavior beats headlines.

Local data beats headlines.

Previous
Greater Phoenix Housing Market Update | Dec 20, 2025

Mid-December pricing surprised the market as demand improved and inventory pulled back.

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Market Perspective | Greater Phoenix — December 22, 2025

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