Phoenix’s home market, August 2026
Homes in the Phoenix metro sold for 97.8% of their list price on average in August 2026, against 97.7% a year earlier, and 14% of them sold above it. The most competitive month in this record was June 2021, at 103.3% of list.
At September 2026’s pace of sales, the homes for sale would last 4.7 months — months of supply, for-sale inventory over a month’s sales. Under about four months is a market where sellers set the terms; six or more is one where buyers do. 5,124 homes sold in September 2026, against 5,189 a year earlier.
Every one of these has a season — spring is the bidding season — so compare a month with the same month a year earlier. These are Zillow’s figures for the Phoenix-Mesa-Chandler metro, all homes, not seasonally adjusted; the newest month of sales is Zillow’s nowcast and firms up later. There is no median price here, on purpose: a median moves with which homes happen to sell, so a month heavy in condos reads as a fall in prices that did not happen.
Source: Zillow Research, metro data for Phoenix-Mesa-Chandler, all homes; months of supply is inventory over sales. Auto-generated each build.