Staff Reports | Dwellings & Multifamily
Existing single-family home sales in Greater Phoenix increased 5.1% during the first seven months of 2026 compared with the same period last year, while pending sales were nearly unchanged, slipping 0.6%, and new listings declined 2.8%, according to the latest market data from Phoenix REALTORS.
The market continued to show steady activity despite the seasonal slowdown, with sales increasing across much of the region, affordability remaining stable and inventory levels providing buyers with more options, according to a press release.
“Summers are typically the slowest time of the year for home sales. The market is still moving, just at a more measured pace,” Phoenix REALTORS® Board President Sammy Glassman said. “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.”
In Maricopa County, year-to-date sales rose 5.2%, while pending sales were essentially unchanged, down 0.1%, and new listings declined 3.2%. Pinal County recorded a 0.5% decrease in closed sales, while pending sales fell 5.3% and new listings declined 5.7%.
The year-to-date median price for a single-family home in Greater Phoenix increased 1% to $485,000. The housing affordability index remained at 72, indicating affordability was unchanged from a year earlier. Maricopa County’s median single-family home price held steady at $510,000, while Pinal County’s median price edged up 0.1% to $382,000.
The average time a single-family home spent on the market increased to 78 days, up from 73 days during the first seven months of 2025. Sellers continued to receive 98.1% of their asking price on average, a figure that has remained relatively stable over recent years.
Although housing inventory increased 1.3%, the region remained at a four-month supply. In Maricopa County, inventory fell 5.3% to 3.6 months of supply, while Pinal County’s inventory rose 4.8% to 4.4 months.
“More inventory gives buyers room to compare homes and negotiate, making the market attractive, but sellers have not lost their opportunities,” Mr. Glassman said. “Well-prepared homes with competitive prices continue to stand out and deals are closing.”
Greater Phoenix continued to post consistent sales activity despite the seasonal slowdown, though buyers have become more deliberate in their decision-making process and homes generally require more time to sell.
Phoenix
Phoenix recorded a 3.7% increase in year-to-date closed sales, while pending sales declined 2.5% and new listings fell 4.4%. The median single-family home price rose 1% to $490,000. Days on market remained at 64, while inventory declined 5.6% to 3.4 months of supply.
Scottsdale
Scottsdale posted one of the region’s strongest performances, with closed sales increasing 13.5% year to date. Pending sales rose 8.2%, while new listings declined 3.2%.
The median home price increased 4.1% to $1.26 million, compared with $1.2 million during the same period last year. Inventory fell 19% to 3.4 months of supply from 4.2 months a year earlier.
Avondale
Avondale saw year-to-date sales decline 5.6%, while pending sales dropped 8.3%. New listings increased 1.4%.
The median home price rose 1.1% to $419,490. Homes spent an average of 84 days on the market, up from 77 days during the first seven months of 2025. Inventory increased 18.9% to 4.4 months of supply from 3.7 months.
Buckeye
Buckeye registered gains across key sales indicators. Closed sales increased 9.1%, while both pending sales and new listings rose 3.5%.
Homes spent an average of 86 days on the market, compared with 80 days during the same period in 2025. The median home price declined 2.4% to $400,000 from $410,000. Inventory dipped 2.2% to 4.4 months of supply.
Gilbert
Gilbert mirrored broader market trends through July, with closed sales rising 3.8%. Pending sales declined 2.2%, while new listings fell 2.9%.
The median single-family home price declined slightly to $599,450 from $600,000 a year earlier. Inventory increased 2.9% to 3.6 months of supply, while days on market improved to 60 from 62.
Litchfield Park
Litchfield Park recorded a 17.6% increase in closed sales compared with the first seven months of 2025. Pending sales rose 14.9%, while new listings increased 2.4%.
The median home price climbed 1.7% to $549,000 from $540,000 a year earlier. Inventory fell 17.2% to 4.8 months of supply from 5.8 months. Homes spent an average of 89 days on the market, up from 79 days in 2025.
