As we watch the Phoenix housing market evolve, it’s clear we’re still feeling the aftereffects of the last construction surge—meaning buyers have more options and a bit more negotiating power these days. While the increased inventory is making homes more attainable for many, it’s also slowing down the pace at which sellers can raise prices unless demand picks up. Recent research tells us that when home prices rise more slowly and mortgage costs ease, it does make it easier for people to purchase across major markets. Looking ahead to 2027, should inventory levels even out and borrowing costs settle into a sustainable range, we may see more buyers jumping in and a more balanced market taking shape. At Incyte Realty, we believe in building genuine connections as we help you navigate these shifts—so your next address truly feels like home.
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