Southern Arizona Real Estate Market Update: Heating Up with Opportunities for Buyers. We talk about the current real estate market in Southern Arizona. The market is heating up, with 722 new homes coming onto the market, 352 homes closed, and 392 going under contract. There was a significant price drop of 883 homes this week. The market is indicating that inventory is increasing, and homes are selling at higher prices than previous months. As a buyer, it’s recommended to look for homes in the next two months to take advantage of seller concessions and lower interest rates. #RealEstate #marketupdate