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In the coming months, it will be important to watch whether buyer demand improves or remains constrained by elevated mortgage rates and affordability concerns. With inventory rising to 6.01 months’ supply, buyers have more choices and greater negotiating leverage, increasing competition among sellers. Updated, differentiated, and accurately priced homes can still attract serious interest, but if sales remain slow, the market will become increasingly unforgiving of ambitious pricing or properties requiring even moderate work.
– Grant Van Dyke
Metro Phoenix
Average Sales Price: July 2026 > $1,189,603 vs August 2026 > $1,100,563 = 7% decrease
Average Days On Market: July 2026 > 79 vs August 2026 > 83 = 5% increase
Average Sale Price Per Square Foot: July 2026 > $380 vs August 2026 > $377 = 1% decrease
Sale to List Price Ratio: July 2026 > 96.50% vs August 2026 > 95.59% = 1% decrease
Number of Sold Listings: July 2026 > 528 vs August 2026 > 349 = 34% decrease
Months Supply of Inventory: July 2026 > 4.19 vs August 2026 > 6.01 = 43% increase
Mortgage Rate: July 2026 > 6.69% vs August 2026 > 6.73% = 1% increase
Top 10 Sales
$14,100,000 6126 E Maverick Rd, Paradise Valley
$14,000,000 6450 E El Maro Cir, Paradise Valley
$11,200,000 5717 E Via Los Ranchos, Paradise Valley
$8,600,000 4901 E Berneil Dr, Paradise Valley
$7,500,000 8060 N Mummy Mountain Rd, Paradise Valley
$6,800,000 5502 E Mariposa St, Phoenix
$6,500,000 5247 N 20th St, Phoenix
$5,995,000 6900 N Mummy Mountain Rd, Paradise Valley
$5,685,000 6723 N Desert Fairways Dr, Paradise Valley
$5,600,000 6230 E Cheney Dr, 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
