08/17/2026
Hey everyone! August market update time — and this month I'm leading with a stat that I think every seller in the Valley needs to hear before they price their home 👇
75% of homes in Greater Phoenix sold below their original list price in July.
Only 12% sold above list. That number hasn't really changed from a year ago. And yet overpricing is still one of the most common mistakes I see. The market has been saying the same thing consistently for over a year now — pricing strategy matters more than optimism. I say this with love 😊
Now, here's the July breakdown by market:
🏙️ Phoenix
Median sales price: $469,900 | Days on market: 49 days | Inventory: 3.99 months
The month-over-month dip is seasonal — totally normal for July. Year-over-year, Phoenix closed sales are actually up 5.1%. The market isn't falling apart, it's just hot outside. 🌞
🌵 Scottsdale
Median sales price: $1.047M | Days on market: 68 days | Inventory: 4.12 months ↓ 7.62%
That month-over-month price drop is summer seasonality, not a trend. Year-to-date Scottsdale closed sales are up 13.5% and the median YTD price is up 4.1%. Inventory is 19% below where it was a year ago. The bones here are strong.
🏔️ Paradise Valley
Median sales price: $4.299M ↑ 20% | Active listings: just 166 homes ↓ 16.6%
Supply has collapsed — down nearly 17% in one month. When that happens in PV, the homes that do sell are the exceptional ones, and prices reflect it. Last year this exact pattern pushed PV to the #1 seller's market in the Valley by August. Watching closely. 👀
The big picture? Fall is coming and with it, a historically stronger window for both buyers and sellers. If you've been waiting for the right moment — it's getting close.
Questions about your neighborhood specifically? Reach out, send me a DM, lets chat. I genuinely love this conversation.
Source: RPR/ARMLS. Numbers deemed reliable but not guaranteed.
