New Builds Struggle, Prices Drop, Rentals Surge | Phoenix Real Estate Market Update

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The July 2025 Phoenix housing market is continuing to weaken. In this week’s update, we break down:

Why new construction sales are plunging

Where home prices are actually declining across the Valley

A rental inventory surge that landlords need to see

A possible glimmer of hope for the housing market with mortgage applications on the rise

What buyers and sellers need to know now

Whether you're buying, selling, or just watching the market, this data-driven update will help you make smarter decisions in today’s changing Phoenix real estate market.


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