Southern Arizona Real Estate Market Update: Prices Dropping, Inventory Rising, Opportunities for Homebuyers. We discuss the real estate market in Southern Arizona, where there were 710 new homes on the market last week, 342 closed sales, and 376 active contingent (pending) sales. The major story is the over 800 homes that dropped in price last week, indicating a buyers’ market where sellers are continuously dropping prices. Inventory is increasing, which means more incentives and concessions for homebuyers. We encourage viewers to call and get a great deal on a home. #RealEstateMarketUpdate #SouthernArizona #BuyersMarket #PriceDrops #InventoryIncrease #Concessions #Homebuyers