Market updates
Inventory stayed tight in the Primary market even as more owners listed
Fresh listings are coming on, but buyers are absorbing them fast, and total supply is still shrinking.
Read the post →Homes are selling eight days faster across the area than a year ago
Twelve weeks ending October 4, 2026 brought a median of 75 days on market, down from 83 days a year earlier.
Primary market sales rose even as mortgage rates stayed above 7%
The Real Estate Data Aggregator counted 1,903 homes sold across the Primary market in the three months ending July 31, 2026, up 18.7% from a year earlier, even as Freddie Mac put the 30-year fixed rate at 7.28% on October 1, 2026.
The tightest part of the Primary market is moving fast
ZIP 85044 has the least supply of any ZIP code here, and more than 1 in 3 homes go under contract within two weeks.
Buyers Assume Sellers Are Caving. The Territory's Own Numbers Say Otherwise.
Across the twelve weeks ending August 30, 2026, the territory-wide sale-to-list percentage held at 97.9%, up from 97.6% a year earlier — even as prices pulled back hard in some of Phoenix's priciest ZIPs.
Prices Are Falling in Phoenix's Priciest ZIPs. Sellers Aren't Giving Up Much Ground.
In the twelve weeks ending August 23, 2026, median sale prices dropped in two of Phoenix's higher-priced ZIP markets, while the share of asking price sellers actually received moved up, not down.
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