Staff Reports | Dwellings & Multifamily
Greater Phoenix more than doubled the national growth rate for single-family home sales in June compared with the same month a year earlier.
Closed sales rose 8.1% locally while increasing 3.2% nationally, according to data from Phoenix REALTORS®. Comparing the first half of 2026 with the same period in 2025, closed sales increased 5.4%. At the same time, the median price of a single-family home remained essentially unchanged at $485,000, up 0.2% from $484,000 a year earlier.
Phoenix’s median single-family home price remains above the national average of $429,300, according to a press release.
“There’s a difference between how people believe the real estate market is moving and what the data is showing,” said Sammy Glassman, board president of Phoenix REALTORS®. “Home sales were very strong in June, and even the pending sales slight decline was significantly smaller than what we’ve seen in previous months.”
Pending sales during the first six months of 2026 declined 0.4% compared with the first half of 2025. That compares with year-to-date declines of 8.4% through March, 5.2% through April and 2.1% through May.
Days on market increased 8.3% to 78 days from 72 days during the first half of 2025. New listings declined 3.5% during the same period.
The housing affordability index increased 2.8% to 73. The index measures the percentage of median-income households that can afford the median-priced home. Both the inventory of homes for sale and the months’ supply of inventory declined in June compared with the same month in 2025.
“The fact that prices are holding steady is increasing the universe of potential buyers,” Mr. Glassman said. “It’s been difficult to try and call a trend, but with steady prices, increasing affordability and leveling of pending sales, we might have a better-than-expected summer.”
The percentage of asking price paid by buyers, 98.2%, has remained stable for nearly three years, fluctuating by about 0.2 percentage points during that period.
Individual cities reported mixed results for home sales:
Phoenix
Closed sales increased 2.9% in Phoenix during the first half of 2026, while new listings declined 5.2% and pending sales fell 3.7%. Days on market increased 3.2% to 65 days. The median price of a single-family home remained unchanged at $490,000.
Scottsdale
Scottsdale posted gains in both sales and home prices during the first half of 2026. Closed sales increased 13.4%, while the median sales price rose 2.4% to $1.265 million. Days on market increased 9.2% to 83 days. Pending sales were up 9.3%, while new listings declined 3.7%.
Avondale
New listings in Avondale increased 1.9% during the first six months of 2026. Closed sales declined 4.2%, while pending sales decreased 7.5%. The median sale price increased 1.1% to $419,740. Days on market rose 10.4% to 85 days.
Mesa
Closed sales in Mesa increased 4.8% during the first half of 2026, while days on market declined 1.5% to 65 days. The median sale price decreased 0.6% to $486,250. New listings declined 4.7%, and pending sales fell 2.3%.
Peoria
Peoria recorded a 9.4% increase in closed sales compared with the first half of 2025. New listings rose 0.4%, and pending sales increased 4.8%. Days on market climbed 5.9% to 72 days. The median home price increased 0.6% to $535,000.
Queen Creek
In Queen Creek, closed sales declined 0.5% during the first six months of 2026. Pending sales fell 6.4%, while new listings declined 5.5%. Days on market increased 6% to 89 days, and the median home price decreased 0.9% to $658,828.
