Will Phoenix Housing Turn in 2027?

Phoenix continues adjusting after substantial construction during the previous housing boom, leaving buyers with more inventory and greater negotiating flexibility.
Increased supply is helping affordability improve, but it also limits sellers’ ability to push prices aggressively without stronger demand.
Recent affordability research indicates that slower price growth and easing mortgage costs can gradually improve purchasing conditions across major markets.
By 2027, stronger buyer activity could develop if inventory is absorbed while borrowing costs continue moving closer to sustainable levels.