The Arizona Market Has a Pulse Again: What Buyers and Sellers Need to Know Right Now
After nearly two years of slower movement, the Arizona real estate market is showing real signs of life again — not just in forecasts or headlines, but in actual day-to-day activity.
Across the Valley, listings that were sitting… aren’t sitting anymore. Buyers who had the upper hand for months are now finding competition again. And sellers who felt stuck are suddenly seeing stronger activity, more showings, and in some cases, multiple offers.
Let’s walk through what’s happening and what it means for you.
🌟 Real Activity Is Picking Up — Not Just Predictions
This past weekend, one of my new listings had nearly 30 showings and open house visitors in two days, ending with multiple offers over asking.
Just a few months ago, similar homes in the same neighborhood were sitting without momentum. This time?
It was the only active listing, and buyers noticed.
And it’s not just me seeing this shift:
A colleague had a listing sit for almost two months… then suddenly receive multiple offers.
Another saw a stale home spark back to life with a surge of new showings.
Open houses across the East Valley are seeing increased foot traffic, more questions, and more serious conversations.
After months where buyers often submitted the only offer, we’re now seeing the return of competition.
The market is rebalancing, and sellers are starting to regain some leverage.
🌤️ Why This Is Happening Now
In mid-September, the Federal Reserve announced a 0.25% rate cut, with two more expected before year-end.
Even before the announcement, many lenders had already priced in the expected move — and mortgage applications jumped more than 15%.
A quarter-point shift may sound small, but in the mortgage world, it creates a meaningful ripple:
More buyers get approved
More buyers re-enter the market
More homes see action
And yes… more multiple-offer situations begin to return
Put simply:
Lower borrowing costs = more buyers jumping back in.
💡 Quick Clarification: The Fed Doesn’t Set Mortgage Rates
There’s a lot of confusion around this, so here’s the clean, simple version:
🏦 The Fed Funds Rate
The short-term rate banks use to lend money to each other.
Right now: 4.33%–4.5%
🏡 Mortgage Rates
Set by lenders, influenced by:
Inflation
Fed policy as a whole
The 10-year Treasury yield
Your personal financial profile
credit score
income
down payment
debt-to-income ratio
This is why two buyers can walk into the same lender on the same day and walk out with different rates. And why comparing lenders is so important.
👉 My recommendation
Connect with a mortgage broker who can shop your specific profile across multiple lenders. If you’d like a great referral, I’m always happy to share — no pressure, no obligation.
📌 So What Does This Mean for You?
The smartest move right now isn’t watching headlines — it’s running your actual numbers.
Here’s how to use this moment:
✔️ If you’re a buyer
Your buying power may be higher today than it was even 45 days ago.
Competition is returning, but opportunities still exist — especially before rates dip further and more buyers flood back in.
✔️ If you’re a seller
Your home may perform very differently than it would have this summer.
Pricing strategy, presentation, and timing matter more than ever… and the right approach can attract strong, clean offers.
✔️ If you’re not sure where you fit
A quick conversation can give you clarity.
You don’t need to commit to buying or selling — you just need to understand what’s possible for you right now.
🌞 Bottom Line: The Arizona Market Is Waking Back Up
The combination of easing rates, better weather, and pent-up demand is creating a noticeable shift. Homes are moving. Buyers are active. And sellers are seeing momentum again.
If you want to understand what this shift means for your home or your buying power, I’m here to help you get clear on the next steps — pressure-free.
FAQ:
Is the Arizona real estate market really picking back up?
Yes. We’re seeing more showings, stronger offers, and listings that sat for months suddenly getting fresh activity. It’s a noticeable shift driven by lower rates and buyer demand.
Are multiple offer situations happening again?
In some price ranges, yes. Homes that are well priced and well presented are starting to attract more than one offer.
Why are lower rates affecting the market so quickly?
Even a small rate cut can improve affordability. More buyers qualify, more buyers enter the market, and activity increases almost immediately.
Is it a good time to buy a home in Arizona?
If you’re planning to buy, it’s smart to run your numbers. With more competition returning, the earlier you evaluate your buying power, the better positioned you’ll be.
Is it a good time to sell my home?
If your home wasn’t moving before, conditions may be different now. A strategic pricing approach and good presentation can capture new momentum.
Should I wait for rates to drop more?
Waiting can help, but it can also create more competition. The best approach is to look at your real numbers today and compare scenarios.