More people closed on single-family homes so far this year than in the same 10-month period last year, according to data from Phoenix REALTORS®. Closed sales rose 0.8% through October. However, closed deals last month plummeted 17.9% compared to a year earlier.

MORE NEWS: Mattamy Homes buys 59 homesites in Glendale for $10.6 million

DEEPER DIVE: 10 Arizona restaurants make Yelp’s Top 100 Mexican food spots

Pending sales slipped 4% year to date, and new listings were down 2.2% compared to the same period last year. In October alone, pending deals fell 45.9%, and new listings slumped 9% compared to last year.

“Results through October are not too bad compared to last year,” said Sammy Glassman, board president of Phoenix REALTORS. “Single-family home sales took a big hit for the month. Interest rates, economic concerns and the upcoming election all combined to make it a tough month.”

The median sales price so far this year remains flat at $480,000 when comparing through the end of October with last year. The median price was down 1% compared to October 2025.

During the month, homes sold slightly faster, with days on market dropping from 79 in 2025 to 76 this year. The percent of list price received held at 98%, about the same level for most of the last two years.

The affordability index dropped from 76 to 70 through October this year compared to the same 10 months last year. An index of 70 means the median household income is just 70% of the income needed to qualify for a median-priced home. Despite rising wages and steady home prices, high mortgage rates remain a barrier to affordability.

“Buyers have more homes to choose from, and prices have remained relatively steady, but affordability continues to be a significant hurdle,” Glassman said. “Having more choices only helps if families can qualify for the mortgage.”

The 23,044 homes in inventory reflect a 10.6% increase in choices compared to October last year. This kicks the months supply up from 4.1 in 2025 to 4.6 months this year.

Phoenix

Single-family home sales in Phoenix were essentially flat, down just 0.1% so far this year compared to last year. Pending sales year-to-date were down 5.4% and new listings slipped 1.8%. The median home price in the city was flat at $485,000, and the number of days to sell a home was down a smidge, from 66 to 65 days for the first 10 months of the year.

Scottsdale

Scottsdale’s median home price jumped 5.9% to $1.25 million from $1.18 million in year-to-date comparisons through October this year compared to last year. Closed sales rose 8%, and pending sales rose 4.1%, while new listings slipped 1.2% over the same 10-month period. Days on market rose from 79 to 82.

Mesa

The number of buyers closing on their new homes was basically flat over the first 10 months of the year in Mesa, down 0.8% from 2025. Pending sales dipped 5.6%, and new listings slid 3.1% over the same period. The median price of a single-family home in the city was fairly flat, down 0.8% to $486,250 compared to last year’s $490,000. Homes moved faster, selling in 65 days this year compared to 68 last year.

Avondale

New listings increased slightly (2.1%), but closed deals dropped 8.4% and pending sales were down 6.7% in Avondale. The median home price was flat, rising 0.1% to $419,340 compared to the first 10 months of last year. Days on the market rose to 81 from 77.

Buckeye

Buckeye saw closed single-family home sales increase 6.6% so far this year compared to last year. New listings also rose 1.6%, but pending sales were flat, down 0.5% from last year. The median home price in Buckeye dropped 2% to $400,000 from $408,000 last year, while days on the market rose from 81 to 86.

Peoria

With year-to-date numbers, Peoria saw homes close at a pace 2.6% faster than in 2025, with pending sales dipping 3.2% and new listings slipping 1.2%. The median price of a Peoria single-family home was flat, rising just 0.2% to $530,000 from $529,000 last year. Days on the market held steady this year at 73, the same as last year.

Learn more about Phoenix REALTORS.