SaddleBrooke Real Estate Update for July 2025, Lynn Slaten Long Realty
Probably one of the biggest challenges is proactively bridging the gap between seller expectations and the market reality on pricing.
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People don’t believe what you tell them. They always believe what they tell themselves.
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Listing prices across the U.S have flattened this year. 18.6% of Arizona listings underwent a price reduction in July, 2025.
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6.1 million Americans are behind on their mortgages, the highest in 20 years!
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Buyer demand in Arizona is slightly up this year, but 20% of the largest Metro Areas in the U.S. have falling home prices, including Phoenix, Dallas, Portland, Houston, Tampa, Miam, Atlanta and Denver.
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A Recession does not mean falling home prices: In 1980, home prices across the U.S. were up 6.1%, up 3.5% in 1981, down 1.9% in 1992, up 6.6% in 2001, down 19.7% in 2008, and up 6.0% in 2020.
-The median sales price for July, 2025 was $490,000, compared to $505,000 in June, 2025. In July, 2024, the median sales price was $549,500.
-The median list price in July, 2025 was $499,000, compared to $524,000 in June, 2025. In July, 2024, the median list price was $559,500.
-The list price to sales price in July, 2025 was 97%, compared to June, 2025 also at 97%. In July, 2024, the list price to sales price was 96%.
-The numbers of homes sold year-to-date at the end of July, 2025 was 203, compared to 198 that sold during by the end of July, 2024.
-There are currently 104 homes on the market. Average days on market is 66. The least expensive property is priced at $330,000 and the most expensive one is listed at $1,499,000.
-There are currently 11 homes under contract. None of them sold over the original asking price.
Lynn Slaten – Associate Broker
Vice President Member of the Executive Council
Long Realty Circle of Excellence Gold
Long Realty Company
A Berkshire Hathaway Affiliate
15250 N Oracle Rd. Suite 110
Tucson, AZ 85739
