Comparing the first seven months of 2026 with last year, existing single-family home sales rose 5.1% in Metro Phoenix, according to the latest activity data from Phoenix REALTORS®. At the same time, pending sales held nearly even, down just 0.6%, and new listings dropped 2.8% in the metro area.

In Maricopa County alone, year-to-date sales were the same as the overall region, up 5.2%, pending sales flat with a 0.1% drop, and new listings were down 3.2%. Pinal County, the second-largest submarket in Greater Phoenix, saw year-to-date closed sales down 0.5%, pending sales dropped 5.3%, and new listings dipping 5.7% compared to 2025.

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“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®. “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 for a single-family home rose 1% to $485,000. Still, the housing affordability index remained at 72, indicating affordability held steady year over year. A higher index number reflects greater affordability. Maricopa County’s year-to-date median single-family price was flat at $510,000, while Pinal County’s was nearly flat, rising 0.1% to $382,000.

The number of days a single-family home sits on the market stretched to 78 compared to 73 for the first seven months of 2025, a 6.8% increase. The percent of list price received remains constant at 98.1%, with little fluctuation over the past couple of years.

Although the inventory of homes for sale ticked up 1.3%, it remains at a four-month supply. In Maricopa County, the inventory dropped to 3.6 months, down 5.3% from the same month in 2025. In Pinal County, the supply rose 4.8% to 4.4 months compared to last July’s 4.2 months.

“More inventory gives buyers room to compare homes and negotiate, making the market attractive, but sellers have not lost their opportunities,” Glassman said. “Well-prepared homes with competitive prices continue to stand out and deals are closing.”

Greater Phoenix continues to post steady sales despite the seasonal slowdown, but the pace has changed. Buyers can be more deliberate and are taking their time. Homes are selling, but seller patience is on the line.

Phoenix

Following the market’s movement, Phoenix saw closed sales increase 3.7% in year-to-date numbers, while pending sales dropped 2.5% and new listings slipped 4.4%. The median price of a single-family home in Phoenix rose a tick to $490,000, up 1% from 2025. Days on the market held steady at 64, and the month’s supply of inventory dropped 5.6% to 3.4 months from July 2025.

Scottsdale

A real estate market all to itself, Scottsdale saw closed sales rise 13.5% year-to-date compared to the same period last year. Pending sales bucked the market and grew 8.2%, but new listings were down 3.2%. The median home price continues to climb, up 4.1% to $1.26 million from $1.2 million last year. The month’s supply of inventory plummeted 19% to 3.4 months from 4.2 months last July.

Avondale

In the Southwest Valley, Avondale saw declines during the first seven months of 2026 compared to last year. Sales were down 5.6%, and pending deals dropped 8.3%. The number of new listings increased by 1.4%. The median home price rose slightly, 1.1%, to $419,490, while days a home sat on the market jumped to 84, up from 77 in the first seven months of 2025. The month’s supply of inventory grew 18.9 percent to 4.4 months from 3.7 months in July 2025.

Buckeye

Year-to-date numbers were all showing growth in Buckeye compared to 2025. Home sales rose 9.1%, pending sales and new listings were both up 3.5%. Homes sat on the market 7.5% longer, 86 days, compared to 80 last year. The median price of a home in the city declined 2.4% to $400,000 from $410,000 in the same period last year. The month’s supply of inventory dipped from 4.5 months last year to 4.4 months this year, a drop of 2.2%.

Gilbert

Gilbert mirrored the market as the year progressed through July. The number of closed deals rose 3.8%, and pending sales were down 2.2% with new listings slowing by 2.9%. The median price of a Gilbert single-family home slipped a hair, down 0.1% to $599,450 from $600,000 last year. The number of months of inventory rose 2.9% to 3.6 from last year’s 3.5, even though days on the market declined 3.2% from 62 to 60.

Litchfield Park

Showing some strength, closed home sales rose even more than Scottsdale, 17.6% over the 2025 year-to-date numbers. Pending sales rocketed up 14.9% over last year while new listings moved up 2.4%. The median price of a home rose 1.7% to $549,000 through July 2026, compared to $540,000 in 2025. The month’s supply of inventory plummeted 17.2% to 4.8 months compared to last July’s 5.8 months. Days on the market in the city increased significantly from 79 in 2025 to 89 in 2026, up 12.7%.

Learn more about Phoenix REALTORS.