Phoenix Housing Market UpdatesWhere the Valley is heading, month by month.

No one can predict the market with certainty, but each monthly update tracks the leading indicators that actually move prices — active inventory, new listings, days on market, mortgage-rate shifts, and the sale-to-list ratio. Reading them in order is the clearest way to see which direction the Phoenix market is trending and how strongly.

It varies by price point and city — the East Valley can favor sellers while a luxury segment cools, all in the same month. Each update breaks the metro down by area so you can see exactly where the balance sits before you make a move.

The metro median changes month to month, so rather than quote a figure that goes out of date quickly, each report lists the current median sale price for Phoenix and the surrounding cities. Check the latest month above for the most recent number.

Prices respond to supply, demand, and interest rates: when inventory rises faster than buyer demand, prices soften; when it tightens, they firm up. The updates flag those shifts early so you can act on a change rather than read about it afterward.

Buyer competition typically eases during the hotter summer months and around the holidays, while spring is the busiest and most competitive season. The right timing still depends on your goals — the monthly data helps you weigh seasonality against current conditions.

Days on market is one of the core metrics in every update and one of the quickest signals of whether momentum favors buyers or sellers. It can differ sharply between, for example, a Gilbert single-family home and a Tempe condo.

That depends on your area's current inventory, how homes like yours are pricing, and your timeline. Start with the latest update for your city, then reach out for a valuation specific to your address.

Eric provides a custom, address-specific valuation that's more accurate than an automated estimate because it accounts for your home's condition, upgrades, and the most recent comparable sales nearby. Request one using the contact options below.

Each update covers the greater Phoenix metro and Maricopa County — including Scottsdale, Tempe, Mesa, Chandler, Gilbert, Glendale, Peoria, Paradise Valley, and surrounding Valley of the Sun communities.

A new Phoenix real estate market update goes out every month throughout the year, so you can follow pricing and inventory trends as they change rather than after the fact.

Each report looks at median sale price, active inventory, new listings, days on market, and the sale-to-list ratio — broken down by area so buyers and sellers can see exactly where the market is heading.