07/15/2026
Phoenix Metro real estate market check-in for June! π
Here's what stood out:
π‘ Active listings down 5% year-over-year β inventory is thinning out
π Buyers under contract up for the 12th month in a row
π° Price declines are shrinking (now 2-3% down YoY, vs. 3-4% before)
β±οΈ Homes taking a little longer to sell β 85 days on average
One thing worth explaining: the average sale price jumped 4% to $614,829, but the median barely budged (up just 0.22% to $450,000). That's not typical homes suddenly worth more β it's more luxury homes selling. Good to know if you're watching "prices" and wondering what's really going on!
And not every neighborhood is telling the same story. Scottsdale and Paradise Valley are still hot for sellers, while Tempe and San Tan Valley are tilting toward buyers.
Curious how this shakes out for your street? Drop a comment or send us a message β happy to talk it through! π
π https://www.therfgaz.com/blog/july-2026-maricopa-county-real-estate-market-update