Jennifer Marie Quinn, Realtor
The market is trending down, and fast. Now is your chance to purchase a home in Arizona. Price drops have led to a mass sell-off in the Phoenix area in particular. Even in Sun City, Sun City West, and other surrounding areas in the west valley.
Real estate analyst Nick Gerli, the CEO of Reventure App, warned of a potential incoming crash, as home prices are down 6.9% from their peak in June 2022. A Phoenix real estate market crash would look like a substantial and sustained drop in home prices. A surge in available properties and a decrease in sales activity is to be expected. This could involve home values falling by 20% or more, with homes staying on the market for extended periods, and a decline in the number of sales. This could be a huge opportunity for buyers!
Jennifer Marie Quinn, Realtor
During the pandemic, the real estate market exploded. It was an exciting period for realtors and buyers alike. Demand skyrocketed and prices surged. According to Zillow, Between February 2020 and February 2025, home prices were up 53 percent in Phoenix and 56 percent statewide in Arizona. Prices also grew over 40% in this period. Jennifer M Quinn, Realtor.
Demand has slowed in recent years and prices continue to drop. There has been a cooling of the Phoenix area market as prices have adjusted. This signals a wonderful opportunity for aspiring buyers.
You are finally going to start to get opportunities to buy a house where values are getting cheaper, and you’re going to have a lot of selection. Jennifer Quinn, real estate professional – here to help you get the home you deserve.