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In the coming months, it’s important to watch whether buyer demand continues building after February’s 15% increase in closed sales, particularlyas we move into the heart of the spring season. Inventory will be critical if the months supply continues to fall from 5.47 months while demand rises, pricing pressure could firm quickly across key Metro Phoenix segments. And with mortgage rates now below 6%, improved affordability could further fuel momentum, but sustained gains will depend on rates holding at or under that level.
– Grant Van Dyke
Metro Phoenix
Average Sales Price: February 2026 > $13,43,256 vs January 2026 > $12,59,274 = 7% increase
Average Days On Market: February 2026 > 74 vs January 2026 > 83 = 11% decrease
Average Sale Price Per Square Foot: February 2026 > $428 vs January 2026 > $397 = 8% increase
Sale to List Price Ratio: February 2026 > 97.01% vs January 2026 > 95.72% = 1% increase
Number of Sold Listings: February 2026 > 438 vs January 2026 > 382 = 15% increase
Months Supply of Inventory: February 2026 > 5.47 vs January 2026 > 6.16 = 11% decrease
Mortgage Rate: February 2026 > 5.98% vs January 2026 > 6.19% = 3.4% decrease
Top 10 Sales
$20,900,000 5641 N Casa Blanca Dr, Paradise Valley
$20,000,000 6109 E Maverick Rd, Paradise Valley
$15,700,000 6215 N 61st Place, Paradise Valley
$12,250,000 7050 N 39th Place, Paradise Valley
$10,600,000 5120 N Casa Blanca Dr, Paradise Valley
$10,500,000 5721 E Bar Z Lane, Paradise Valley
$9,750,000 6674 E Judson Rd, Paradise Valley
$7,175,000 5501 E San Miguel Ave, Paradise Valley
$6,900,000 6725 E Belmont Ct, Paradise Valley
$6,850,000 8660 N Morning Glory Rd, Paradise Valley
GRAB OUR FREE COURSES
➡️ 6 Steps To Home Buyer Success – http://vandykebuyerplan.com
➡️ 7 Steps To Home Seller Plan – http://vandykesellerplan.com
➡️ 8 Steps To Agent Success – http://vandykeagentplan.com
