The Metro Phoenix housing market showed signs of steady activity through the first seven months of 2026, with existing single-family home sales up 5.1% compared with the same period last year, according to the latest data from Phoenix REALTORS®.
Sales climb but market remains measured
While closed sales increased year over year, other indicators point to a market moving at a slower, more measured pace. Pending sales for the metro area were essentially flat, down 0.6%, and new listings decreased 2.8%. The data reflect seasonal trends — summers are typically slower for home shopping — but also suggest buyers and sellers are adjusting expectations amid moderating conditions.
“Summers are typically the slowest time of the year for home sales. The market is still moving, just at a more measured pace,”
said Sammy Glassman, board president of Phoenix REALTORS®.
County-level shifts
Breaking the metro data into counties shows nuanced differences. Maricopa County largely mirrored the broader region, with year-to-date sales up 5.2%, pending sales nearly even with a 0.1% decline and new listings down 3.2%. Pinal County, the second-largest submarket in Greater Phoenix, experienced some softness: year-to-date closed sales fell 0.5%, pending sales dropped 5.3% and new listings dipped 5.7% compared with 2025.
Prices and time on market
The year-to-date median price for a single-family home in the Metro Phoenix area rose a modest 1% to $485,000. Maricopa County’s year-to-date median remained flat at $510,000, while Pinal County’s median inched up 0.1% to $382,000.
Homes are spending slightly more time on the market. The number of days a single-family home sat on the market lengthened to 78 days, up from 73 for the first seven months of 2025 — a 6.8% increase. Sellers continued to receive a high share of their asking price: the percent of list price received remained steady at 98.1%.
Inventory and affordability
Inventory ticked up across the metro area by 1.3%, yet the supply remains constrained at roughly a four-month level. In Maricopa County, supply fell to 3.6 months, a 5.3% decline from the same month in 2025. Pinal County saw supply rise to 4.4 months, up 4.8% compared with July 2025.
The housing affordability index for the region remained at 72, indicating affordability held steady year over year; higher index values reflect greater affordability.
- Metro Phoenix year-to-date closed sales: +5.1%
- Pending sales: -0.6%; New listings: -2.8%
- Median single-family price (metro): $485,000 (+1%)
| Area | YTD Sales Change | Median Price | Months' Supply |
|---|---|---|---|
| Metro Phoenix | +5.1% | $485,000 | ~4 months |
| Maricopa County | +5.2% | $510,000 | 3.6 |
| Pinal County | -0.5% | $382,000 | 4.4 |
What it means for local buyers and sellers
Industry leaders say the current mix of modest price gains, slightly higher inventory and longer marketing times is creating opportunities for buyers to compare homes and negotiate while still offering room for sellers who price competitively.
“Buyers can take a little more time to make decisions, while sellers who price their homes well are in the best position to attract serious offers sooner.”
The balance between supply and demand remains tighter than pre-pandemic norms, but not as acute as during the most heated periods of the housing boom. For Phoenix-area residents, that means cautious optimism: continued market activity, but with more room to evaluate options and price expectations that require attention to local market conditions.
Market watchers say the next several months — including the traditional fall selling season — will offer clearer signals about whether the measured pace becomes a longer-term trend or whether activity accelerates again.
