Staff Reports | Dwellings & Multifamily]
Existing single-family home sales increased 5.1% across Greater Phoenix during the first seven months of 2026 compared with the same period in 2025, while pending sales were nearly unchanged, down 0.6%, and new listings declined 2.8%.
The latest housing data shows the market continuing to post gains despite the typical seasonal slowdown, according to a press release from Phoenix REALTORS. Year-to-date sales increased 5.1% across Greater Phoenix, pending sales slipped 0.6% and new listings fell 2.8%, according to a press release.
In Maricopa County, year-to-date sales rose 5.2%, pending sales dipped 0.1% and new listings were down 3.2%. Pinal County, the second-largest submarket in Greater Phoenix, recorded a 0.5% decline in closed sales, a 5.3% decrease in pending sales and a 5.7% drop in new listings compared with 2025.
“Summers are typically the slowest time of the year for home sales. The market is still moving, just at a more measured pace,” Mr. Sammy Glassman, board president of Phoenix REALTORS, 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.”
The year-to-date median price of a single-family home increased 1% to $485,000. The housing affordability index remained at 72, indicating affordability was largely unchanged from a year earlier. A higher index number reflects greater affordability. Maricopa County’s year-to-date median single-family home price was unchanged at $510,000, while Pinal County’s median price increased 0.1% to $382,000.
The average number of days a single-family home remained on the market increased to 78 from 73 during the first seven months of 2025, a 6.8% rise. Sellers received 98.1% of the list price on average, a figure that has remained relatively stable during the past several years.
Housing inventory increased 1.3% year over year, representing a four-month supply of homes. In Maricopa County, inventory declined 5.3% to a 3.6-month supply. In Pinal County, inventory increased 4.8% to 4.4 months from 4.2 months in July 2025.
“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 continues to record steady sales despite the seasonal slowdown, although activity has moderated. Buyers are taking more time to make purchasing decisions, while homes continue to sell in markets across the region.
Phoenix
Phoenix recorded a 3.7% increase in year-to-date closed sales. Pending sales declined 2.5% and new listings fell 4.4%.
The median single-family home price increased 1% to $490,000. Days on market were unchanged at 64, while inventory decreased 5.6% to a 3.4-month supply compared with July 2025.
Scottsdale
Scottsdale posted a 13.5% increase in year-to-date closed sales compared with the same period last year. Pending sales increased 8.2%, while new listings declined 3.2%.
The median home price increased 4.1% to $1.26 million from $1.2 million a year earlier. Inventory declined 19% to a 3.4-month supply from 4.2 months in July 2025.
Avondale
Avondale recorded declines during the first seven months of 2026. Sales fell 5.6% and pending sales decreased 8.3%. New listings increased 1.4%.
The median home price increased 1.1% to $419,490. Days on market rose to 84 from 77 during the same period in 2025. Inventory increased 18.9% to a 4.4-month supply from 3.7 months in July 2025.
Buckeye
Buckeye posted gains across several key indicators compared with 2025. Home sales increased 9.1%, while both pending sales and new listings rose 3.5%.
Homes spent an average of 86 days on the market, up from 80 days a year earlier. The median home price declined 2.4% to $400,000 from $410,000. Inventory edged down 2.2% to a 4.4-month supply from 4.5 months in 2025.
Gilbert
Gilbert largely mirrored regional trends through July. Closed sales increased 3.8%, while pending sales declined 2.2% and new listings decreased 2.9%.
The median single-family home price declined 0.1% to $599,450 from $600,000. Inventory increased 2.9% to a 3.6-month supply from 3.5 months, while days on market declined to 60 from 62.
Litchfield Park
Litchfield Park recorded a 17.6% increase in year-to-date closed sales compared with 2025. Pending sales rose 14.9% and new listings increased 2.4%.
The median home price increased 1.7% to $549,000 from $540,000 a year earlier. Inventory declined 17.2% to a 4.8-month supply from 5.8 months in July 2025. Days on market increased 12.7% to 89 from 79 during the same period last year.
