10/14/2026
🏡 VALLEY MARKET MINUTE ⏰
PHOENIX METRO MARKET UPDATE | SEPTEMBER 2026
More homes for sale. More negotiating power for buyers. But home prices? They’re holding surprisingly steady!
So what’s actually happening in the Valley’s real estate market?
📊 Here’s what September’s numbers reveal:
🏠 28,348 Active Listings — UP 2.8% year over year
💰 $450,000 Median Sales Price — UNCHANGED from last year
🔑 5,878 Homes Sold — DOWN 4.7% year over year
📋 6,565 Listings Under Contract — DOWN 11.2% year over year
⏳ 85 Average Days on Market — 2 days fewer than last month
📉 Cromford Market Index: 76.3 — Mild buyer’s market
MY TAKEAWAY?
The market is shifting in favor of buyers, but that doesn’t mean home values are falling off a cliff!
With 4.4 months of supply and homes selling for approximately 97.35% of their final asking price, buyers have more choices and opportunities to negotiate.
And here’s something worth paying attention to as we head into the final months of the year: sellers may be willing to offer closing cost assistance or interest rate buydowns to help buyers manage today’s mortgage payments.
For sellers, this isn’t a market where you can simply put a sign in the yard and hope for the best. Strategic pricing, thoughtful presentation, and strong marketing can make all the difference.
And remember, real estate is LOCAL! What’s happening in one Phoenix-area neighborhood can be very different from another.
Whether you’re buying, selling, or simply curious about your home’s value, understanding your specific market is what matters most.
💬 Curious what’s happening in your neighborhood? Let’s talk!
Laura Jewett | Arizona Inspired Living
🌐 AZInspiredLiving.com
The Avenue Collective
Source: The Cromford Report | September 2026 Market Recap, data as of October 1, 2026. Phoenix Metro / ARMLS area.
