It’s been an interesting stretch in Metro Phoenix: single-family home sales are up 5.1% year-to-date—a notable shift if you’ve been watching the market as long as I have. Pending sales are holding steady, but new listings dipped by 2.8%, which means buyers are still facing some competition even as inventory hovers near a four-month supply. Median prices have nudged upward, and homes are now spending an average of 78 days on the market. After 26 years in Arizona real estate (and more than 300 listings), I can tell you these trends are subtle but important signals. Each neighborhood in the Valley has its own rhythm, and understanding these numbers can help you make sense of your options—whether you’re considering a move or just keeping an eye on what’s next.
Leave a Reply