Metro Phoenix Home Sales Rise 5.1% Year Over Year
Existing single-family home sales across the Greater Phoenix area increased 5.1% during the first seven months of 2026 compared with the same period in 2025, according to Phoenix REALTORS® market activity data.
The increase comes as the Phoenix-area housing market continues to move at a more measured pace. Pending sales were nearly unchanged, declining 0.6%, while new listings fell 2.8% during the same period.
Why This Matters to Local Residents
The latest numbers show that homes are still selling despite a slower summer market. Buyers have more time to compare properties and make decisions, while sellers may need to be more strategic about pricing and preparing their homes for the market.
Phoenix REALTORS® President Sammy Glassman said the market remains active but is moving at a more measured pace, with competitively priced and well-prepared homes continuing to attract serious buyers.
Key Market Figures
The year-to-date median price for a single-family home in the Greater Phoenix area increased 1% to $485,000.
The average time a single-family home remained on the market increased to 78 days, compared with 73 days during the first seven months of 2025 — a 6.8% increase.
The percentage of the asking price received by sellers remained steady at approximately 98.1%. Inventory increased 1.3% year over year, leaving the market at roughly a four-month supply.
The housing affordability index remained at 72. Phoenix REALTORS® notes that a higher index indicates greater affordability.
Phoenix and Scottsdale Markets
Phoenix recorded a 3.7% increase in closed sales year to date. The median single-family home price reached $490,000, up 1% from 2025. Homes averaged 64 days on the market, while inventory declined 5.6% to 3.4 months.
Scottsdale experienced stronger growth in closed sales, increasing 13.5% year to date. The median single-family home price rose 4.1% to approximately $1.26 million. Scottsdale’s inventory supply also declined 19% to 3.4 months, compared with 4.2 months during the same period last year.
Different Markets Are Moving at Different Speeds
The Greater Phoenix market is not moving uniformly across every community.
Maricopa County recorded a 5.2% increase in year-to-date sales, while pending sales were essentially unchanged and new listings declined 3.2%.
Pinal County showed a different pattern, with closed sales down 0.5%, pending sales down 5.3%, and new listings down 5.7% compared with the same period in 2025.
These differences highlight why buyers and sellers may see very different conditions depending on the city and price range they are considering.
What This Means for Buyers and Sellers
For buyers, the combination of longer market times and roughly four months of inventory can provide more opportunity to compare homes and negotiate, particularly on properties that have been priced above current market expectations.
For sellers, the data suggests that demand remains present, but pricing and preparation continue to matter. Homes that are competitively priced and presented well are more likely to attract serious buyers.
The market therefore appears to be active but more balanced, rather than experiencing either a major surge or a sharp downturn.
Key Takeaway
Greater Phoenix home sales increased 5.1% during the first seven months of 2026, while the median single-family home price rose modestly to $485,000.
The numbers point to a housing market that is continuing to move, but at a slower and more deliberate pace. Buyers have more time to make decisions, while sellers need to pay close attention to pricing, presentation, and local market conditions.
For homeowners and prospective buyers in the Phoenix area, the latest data suggests that market conditions remain active, but individual communities can perform very differently.