Arizona
Local Housing Market · Zillow ZHVI · May 2026
$423,681
Typical Home Value
▼ 1.6% YoY ▼ 0.31% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Arizona Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$423,681
▼ 1.6% YoY
Month-over-Month
▼ 0.31% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower now
30Y/10Y Spread
195bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Arizona
Market Indicators
REALTOR.COM🏦 LO Market Signal · June 2026
• Inventory is down 2.5% YoY and listing prices are softening 4.5% YoY with 26.1% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 65 days — a slower market. Pending ratio is 0.37 — moderate demand, purchase timelines are manageable.
• New listings are increasing 3.3% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$474,950
▼ 4.5% YoY
Median Days on Market
65d
0d YoY
Active Listings
29,650
▼ 2.5% YoY
New Listings
10,206
▲ 3.3% YoY
Price Reduced Share
26.1%
of active listings
Pending Ratio
0.37
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Arizona
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · June 2026
Prescott Valley-Prescott
▼ COOLING
National rank #210
Median Price
$634,999
Median DOM
63d
Demand score 48/100
Yuma
▼ COOLING
National rank #221
Median Price
$349,500
Median DOM
59d
Demand score 35/100
Lake Havasu City-Kingman
▼ COOLING
National rank #250
Median Price
$399,900
Median DOM
64d
Demand score 25/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply