Arizona

Local Housing Market · Zillow ZHVI · July 2026

$421,381

Typical Home Value

▼ 1.4% YoY ▼ 0.18% MoM

6.65%

30Y Mortgage Rate

PMMS · Aug 20, 2026

9bps

YoY Rate Change

▲ Higher than 1yr ago

195bps

30Y/10Y Spread

Norm ~170bps

🏘 Arizona Home Values

Zillow Home Value Index (ZHVI)

Zillow

Typical Home Value

$421,381

▼ 1.4% YoY

Month-over-Month

▼ 0.18% MoM

July 2026

Data Period

July 2026

Updated monthly

Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly

📊 National Mortgage Rates

Current Mortgage Rates

Freddie Mac PMMS

30Y Fixed

6.65%

PMMS · Aug 20, 2026

15Y Fixed

5.95%

PMMS · Aug 20, 2026

1yr Ago 30Y

6.56%

▲ Rates higher 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 · July 2026

• Inventory is down 1.8% YoY and listing prices are softening 4.2% YoY with 25.2% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.

• Homes are selling in a median 67 days — a slower market. Pending ratio is 0.34 — moderate demand, purchase timelines are manageable.

• New listings are roughly flat 1.8% YoY. Seller activity is stable.

Median Listing Price

$467,000

▼ 4.2% YoY

Median Days on Market

67d

0d YoY

Active Listings

28,572

▼ 1.8% YoY

New Listings

9,014

▲ 1.8% YoY

Price Reduced Share

25.2%

of active listings

Pending Ratio

0.34

pending ÷ active

Realtor.com Research · State-level inventory data · Updated monthly

Hottest Markets in Arizona

REALTOR.COM

Top metros by national hotness rank (supply + demand composite) · July 2026

Yuma

▼ COOLING

National rank #211

Median Price

$348,200

Median DOM

59d

Demand score 28/100

Prescott Valley-Prescott

▼ COOLING

National rank #216

Median Price

$632,950

Median DOM

71d

Demand score 46/100

Tucson

▼ COOLING

National rank #258

Median Price

$377,000

Median DOM

64d

Demand score 16/100

Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply