AriZona Real Estate insider!

🏡 Starter home sales are finally showing signs of life, and Phoenix is leading the charge in one of the most important metrics.

According to a recent report by BusinessWire, starter home sales across the U.S. jumped 4% in June — a rare bright spot in an otherwise sluggish housing market.

But here’s the real story for us in Arizona:

📈 Phoenix ranks #3 in the nation for the biggest increase in active starter home listings

🔥 Active listings of starter homes rose 43.1% year-over-year in Phoenix.
That puts us behind only Las Vegas (53.6%) and San Diego (44.1%).

Only one metro — San Antonio — actually saw a drop in listings. Everywhere else, there’s movement, but Phoenix is on fire when it comes to new inventory hitting the market in the entry-level space.

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What does that mean if you’re a buyer in Phoenix?

This is the best news first-time buyers have had in a long time. It’s not a flood of inventory, but it’s enough to give you more choices, a little leverage, and potentially less competition.

✅ More listings = more options
✅ Slightly less pressure = potential to negotiate
✅ Still high rates = shop smart and stay within budget

You won’t hear me say “it’s easy out there” — because it’s not. But this is the market shift we’ve been waiting for, especially for buyers who’ve been priced out or sidelined for the last few years.

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Why is this happening now?

Sellers of entry-level homes are finally getting realistic, and many are choosing to list now rather than chase falling prices later. Plus, some of these starter homes are investor flips or former rentals — investors cashing out = inventory for buyers.

The rise in Phoenix’s listings could also be seasonal or influenced by:

• Homeowners finally out of 3% mortgage denial
• Rental conversions coming back to resale market
• Builders unloading lower-end product

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Final Thoughts

If you’ve been waiting for any kind of break in the Phoenix market, this might be it.

📌 Starter home listings up 43.1% in Phoenix is a real stat. Not hype. Not a “vibe.”

And while interest rates are still annoying, that’s just the cost of playing the game in 2025.

Moral of the story: Get pre-approved. Know your budget. Shop smart. And if you see a good one, don’t overthink it — good homes still go fast.

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Source:
BusinessWire: Starter Home Sales Rose 4% in June
Report based on data from Redfin