10/08/2026
Arizona Housing Forecast 2026–2027
As someone deeply rooted in the East Valley communities—from Gilbert to Scottsdale—I've been watching the Greater Phoenix housing market closely as we look ahead to 2026 and 2027. This past quarter, our median sale price held steady at $445,000, with about 23,400 active listings, roughly 4.3 months of inventory, and homes spending a median of 64 days on the market. Buyers have found some breathing room: while list prices have eased, closed prices remain steady, opening the door for negotiations on credits, buydowns, inspections, and better value per square foot. In my experience, especially here in Arizona, comparing the true monthly cost—factoring in builder incentives—has become crucial when weighing new builds against resales.
For those considering selling, I've been guiding clients to price their homes based on the most recent 45 days of neighborhood sales, plan for concessions upfront, and be ready to reposition if a property lingers past 60 to 70 days. The forecast into early 2027 points to a market that’s likely to remain stable to slightly soft, with ongoing opportunities for negotiation. Keeping a close eye on near-7% mortgage rates, builder buydowns, insurance, and even cooling costs will remain essential. Whether you’re a buyer or seller, my approach is always to help you navigate these local dynamics with clarity and confidence—so you can achieve your version of the American Dream right here in Arizona.