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In the coming months, it’s important to watch how the Metro Phoenix housing market continues to split between strong demand in the higher-end segment and softer pricing pressure in the more affordable ranges, as this divide will largely define overall market headlines. Inventory trends will also be key, since overall supply is rising in some areas while well-priced, desirable homes remain relatively tight and continue to sell quickly. Finally, mortgage rates in the mid-6% range will play a critical role in determining whether buyer activity continues to stabilize or stalls again, especially in the entry-level market, where affordability is most sensitive.
– Grant Van Dyke
Metro Phoenix
Average Sales Price: Q1 2026 > $1331637 vs Q1 2025 > $1165779 = 14% increase
Average Days On Market: Q1 2026 > 74 vs Q1 2025 > 73 = 1% increase
Average Sale Price Per Square Foot: Q1 2026 > $416 vs Q1 2025 > $403 = 3% increase
Sale to List Price Ratio: Q1 2026 > 96.27% vs Q1 2025 > 96.54% = 0% No Change
Number of Sold Listings: Q1 2026 > 1412 vs Q1 2025 > 1404 = 1% increase
Months Supply of Inventory: Q1 2026 > 2.73 vs Q1 2025 > 2.9 = 6% decrease
Mortgage Rate: Q1 2026 > 6.50% vs Q1 2025 > 6.78% = 4% decrease
Top 10 Sales
$20,900,000 5641 N Casa Blanca Dr, Paradise Valley
$20,000,000 6109 E Maverick Rd, Paradise Valley
$20,000,000 6161 N 59th Pl, Paradise Valley
$16,500,000 5524 N Homestead Ln, Paradise Valley
$16,000,000 6215 N Casa Blanca Dr, Paradise Valley
$16,000,000 6724 N 62nd St N, Paradise Valley
$15,700,000 6215 N 61st Pl, Paradise Valley
$14,575,000 5902 E Cactus Wren Rd, Paradise Valley
$14,300,000 5660 N Saguaro Rd, Paradise Valley
$14,000,000 7501 N Eucalyptus Dr, Paradise Valley
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➡️ 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
