Arizona Housing Markets Show Diverging Trends

Arizona’s housing market is showing varied pressures: buyers in Fort Mohave have more listings and time to compare homes, while homes in Wickenburg’s 85390 ZIP code are selling below asking price and taking longer to sell, giving buyers added negotiating leverage. A separate report says regional home sales fell 40.1% from 2021 to 2025 even as the number of real estate agents grew. Meanwhile, mortgage rates above 7% may keep more households renting and support apartment occupancy in Phoenix and Tucson, though weaker hiring and household formation could limit rent growth. Overall, conditions differ by location and property type, with buyers, sellers, agents and rental operators responding to a slower, uneven market.