05/08/2026
📊 Phoenix Market Update — what’s actually happening right now
Everyone keeps asking if the market is going up or down…
The reality is, it’s doing a bit of both and that’s where a lot of the confusion is coming from.
Here’s what stands out when you really look at the data 👇
• Inventory is around 25,500 homes, and actually slightly down year-over-year
• Supply is ~3.3 months → we’ve moved out of the extreme seller market, but not into a buyer’s market either
• Average price pulled back month-over-month to ~$599K, while median is holding around $449K
• Homes are taking ~80+ days to sell
👉 What that actually means:
We’re not seeing a surge of new inventory like we did the past couple years. That build-up has slowed, and in some cases reversed slightly.
At the same time, we’re seeing more price adjustments not because demand disappeared, but because buyers are more sensitive to pricing than before.
One thing that stands out:
Buyers are still active… they’re just not chasing every listing anymore.
📌 What I’m seeing on the ground:
The homes that are priced right and show well are still moving.
Anything that comes out a little high or needs work is sitting and sitting longer than it would have a year ago.
That separation between “moving” and “sitting” is where most of the confusion in today’s market is coming from.
We’re not in a “crash”…
and we’re not in that crazy seller market either.
👉 We’re somewhere in the middle and it’s a segmented market depending on the home.
Some homes are still moving quickly, while others are sitting and needing price adjustments.
Trying to figure out where you fit in this market? Let’s break it down together.
