Home Prices Up, Listings Surge
September’s housing data from Homes.com shows home prices are rising modestly, listings are growing, and the market is showing early signs of stabilization. For Arizona buyers and sellers, this means a new window of opportunity before year-end.
🌤️ National Snapshot
New data from Homes.com revealed that the median U.S. single-family home price in September 2025 was $385,000, up 2% year-over-year — about $7,500 higher than last September, though still below June’s $395,000 peak.
The market appears to be moderating:
Listings climbed 8.1% year-over-year — the highest September level since 2021.
Inventory now exceeds pre-pandemic benchmarks, easing pressure on buyers.
Mortgage rates have retreated slightly since summer, supporting renewed buyer activity.
“Easing mortgage rates and improved inventory conditions have helped improve market balance, even as prices remain just below the summer peak,” said Erika Ludvigsen, National Director of Residential Analytics at Homes.com.
🔗 Source: Homes.com Market Report, Oct 2025
🗺️ Regional Trends
Of nearly 1,000 markets tracked by Homes.com:
63% experienced annual price increases.
37% saw prices hold flat or decline.
The Midwest remains the star performer — cities like Pittsburgh (+7.6%), Detroit, St. Louis, Cleveland, and Kansas City posted the largest annual gains thanks to consistent demand and limited new construction.
Meanwhile, parts of the Sun Belt (including Richmond, Raleigh, Atlanta, Austin, and Houston) cooled due to an oversupply of homes built during and after the pandemic boom.
🔗 Source: Homes.com Regional Insights, 2025
🏘️ Property Type Breakdown
Detached single-family homes saw a 1.8% increase, reaching a median price of $390,000, while attached housing and condos remained unchanged from a year ago.
This points to a shift in buyer preference — stability is returning, but single-family demand continues to lead.
🌵 How This Impacts Arizona
Arizona’s housing market is moving in step with the national slowdown — but local trends reveal a few bright spots worth watching.
According to Redfin and Zillow data for September 2025:
Median sale price: $447,000, up roughly 1.3% YoY.
Total homes sold: ~8,000, a 9.8% increase from last year.
Active listings: ~45,700, up 13.2% YoY.
Typical Arizona home value: $422,479, reflecting a 3.2% year-over-year dip as inventory expands.
🔗 Sources: Redfin Arizona Market Report, Zillow Home Values – AZ
💡 Key Takeaways for Arizona
Inventory is rising, giving buyers more negotiation power.
Moderate price growth suggests the market is stabilizing, not declining.
Move-in-ready homes continue to sell faster than outdated properties.
Mortgage rate relief could make Q4 2025 a strong entry point for first-time buyers or move-up homeowners.
Overall, Arizona is showing signs of healthy rebalancing — steady demand, growing supply, and realistic pricing.
🐼 Final Thoughts
The September data offers a refreshing dose of optimism: while prices are still high, the market is no longer overheated. For Arizona buyers and sellers, this means strategy — not speed — wins the day.
👉 Thinking about your next move? Let’s talk about how shifting inventory and rates can open doors for you and your clients before year-end.
