Published : May 17, 2026 Data as of : May 14, 2026 Compared to : April 14, 2026 Coverage : Phoenix, AZ (city-level) | Source : Cromford® Daily Market Snapshot (Single Family Detached)
Phoenix • Arizona • Market Updates
Phoenix Housing Market May 2026 Phoenix, AZ - city-level snapshot for single-family detached homes.
Q: What's happening in the Phoenix housing market right now?
A: As of May 14, 2026 seller-leaning with steady market conditions : 2.6 months of supply (excluding UCB/CCBS), median monthly sold price $500,000 , days on market (sold) 66 days,
and an average sale-to-list of 97.19% .
What this means Negotiation: Homes are selling for about 97.19% of list price on average - roughly 2.8% under asking, though it varies by home and neighborhood.How much is for sale: Inventory sits at 2.6 months (excluding UCB/CCBS). That's lean - sellers hold the upper hand across most of the city.How long it takes: Recently-sold homes averaged 66 days on market; active listings average 80 days . Homes priced and prepped correctly move faster than the average suggests.Pricing reality ($/SF): Monthly sold $/SF is $328.22 while active list $/SF is $374.49 . That spread is where negotiations and price adjustments happen. This is a rolling snapshot (today vs the same date last month ) so buyers and sellers can see where leverage sits right now, not at month-end.
Written by Andrea Scheppe , Phoenix native and REALTOR® with HomeSmart Elite, Valley Solutions Team.
Phoenix reality check: Active listings ticked up slightly (3,060 → 3,098 ) while months of supply held flat at 2.6 month-over-month.
Sales per month came in essentially even (983 → 982 ) under-contract listings climbed (1,171 → 1,245 ), showing sustained buyer engagement.
Median monthly sold price moved up from last month ($490,000 → $500,000 ), matching the level shown two years ago in this snapshot.
The Cromford® Market Index sits at 127.7 , down just slightly from 128.3 last month but well above the 100 threshold that marks seller territory.
Median sold price (monthly sales)
$500,000 UP ($490,000 → $500,000)
Inventory (months of supply, excl. UCB)
2.6 mo FLAT (2.6 → 2.6)
Speed (DOM, sold)
66 days FASTER (67 → 66)
Negotiation (avg sale price % of list)
97.19% SOFTER (97.49% → 97.19%)
Market call Market: SELLER-LEANING (CONDITIONS HOLDING STEADY)
Seller-leaning because Cromford® Market Index is 127.7 - anything over 100 favors sellers.
Supply held flat at 2.6 months (excluding UCB/CCBS), keeping inventory lean across most of the city.
Sale-to-list softened slightly to 97.19% - buyers are getting a touch more room than last month, but it's not a shift in control.
Pulse vs last month (4/14 → 5/14 3,060 → 3,098 , pending 639 → 688 ,
under contract 1,171 → 1,245 , and sales/month 983 → 982 .
Pending and under-contract counts are up - the pipeline is loaded even as closed sales ran flat for the month.
Pricing per sq ft: Active list $/SF $376.84 → $374.49 ; Monthly sold $/SF $329.75 → $328.22 ; Under contract $/SF $337.10 → $325.37 .
All three measures eased slightly month-over-month while median sold price moved up - that reflects a mix shift toward more mid-range sales closing this month.
Buyer standings - May 2026 (what to do) Here is the buyer takeaway for May 2026 and what matters if you're buying in Phoenix right now.
A little more room to negotiate: Sale-to-list dipped to 97.19% - buyers are getting about 2.8% off ask on average, slightly more than last month.Use the $/SF spread: Active list is $374.49/sf vs monthly sold $328.22/sf . If a listing's price per sq ft is running well above closed comps, that gap is your negotiating anchor.Time is some leverage: Active DOM is holding at 80 days . Listings sitting longer are where concessions and price reductions tend to show up.Under-contract count is rising: Contracts climbed to 1,245 from 1,171 . The well-priced homes are moving - don't assume everything will sit.CMI says sellers still hold it: At 127.7 , the market index is solidly in seller territory. Come prepared, preapproved, and knowing your number.Seller standings - May 2026 (what matters) Median price is back at $500,000: Monthly sold median climbed from $490,000 last month. That's the strongest monthly reading since last year.CMI at 127.7 - seller territory: Conditions favor you, but it doesn't mean any price flies. The gap between list $/SF ($374.49 ) and sold $/SF ($328.22 ) shows that overpriced homes still sit.Negotiation widened slightly: Sale-to-list moved to 97.19% . Sellers priced at supported comps are still giving back well under 3% - sellers priced too high are giving back considerably more.Listing success rate is 74.0%: About 1 in 4 listings don't close. Photos, preparation, pricing, and showing access are the variables you control.Supply is flat and lean at 2.6 months: No new wave of competition hit the market this month. If your home is priced and presented well, you're in a good position.Notes & FAQ This is a rolling daily snapshot (today vs the same date last month), using Phoenix single-family detached metrics from the Cromford® Daily Market Snapshot.
It answers "where do buyers and sellers stand right now?" without waiting for month-end reporting.
Quick definitions: Months of supply = how much is for sale, DOM = how long it takes, sale-to-list = how much people negotiate, and $/SF = price per square foot.
What is Phoenix's inventory right now?
About 2.6 months of supply (excluding UCB/CCBS) as of 5/14/26
Are buyers negotiating in Phoenix?
Modestly. Sale-to-list is 97.19% as of 5/14/26
Is Phoenix a buyer's market right now?
No. The Cromford® Market Index is 127.7 as of 5/14/26
What is the median home price in Phoenix right now?
The median monthly sold price for single-family detached homes is $500,000 as of 5/14/26
Open: Phoenix daily snapshot table (Today vs last month vs last quarter vs last year vs 2 years ago) Phoenix Daily Market Snapshot - Single Family Detached Metric Today (5/14/26 ) Same day last month (4/14/26 ) Last quarter (2/14/26 ) Same day last year (5/14/25 ) 2 years ago (5/14/24 ) Active listings 3,098 3,060 2,851 3,371 2,377 UCB & CCBS listings 557 532 508 536 547 Active listings excl. UCB 2,541 2,528 2,343 2,835 1,830 Pending listings 688 639 616 640 652 Listings under contract 1,245 1,171 1,124 1,176 1,199 Sales per month 982 983 722 996 931 Sales per year 10,078 10,067 10,100 9,951 9,716 Days on market (sold) 66 67 77 66 55 Days on market (active) 80 80 86 76 65 Days inventory excl. UCB 92 92 85 104 69 Months of supply (excl. UCB) 2.6 2.6 3.2 2.8 2.0 Active listings $/SF $374.49 $376.84 $381.87 $379.36 $371.00 Under contract $/SF $325.37 $337.10 $332.44 $331.01 $333.81 Monthly sales $/SF $328.22 $329.75 $328.14 $306.83 $326.04 Annual sales $/SF $319.10 $317.09 $316.79 $321.20 $313.85 Avg sale price % of list 97.19% 97.49% 97.13% 97.61% 97.96% Listing success rate 74.0% 75.2% 71.8% 73.8% 79.1% Monthly dollar volume $647M $646M $467M $591M $614M Annual dollar volume $6,456M $6,387M $6,409M $6,331M $6,022M Average price (monthly sales) $659,268 $657,130 $646,462 $593,134 $659,803 Median price (monthly sales) $500,000 $490,000 $478,700 $460,000 $500,000 Median price (annual sales) $480,000 $477,500 $480,750 $485,000 $479,000 Average SF (monthly sales) 2,009 1,993 1,970 1,933 2,024 Contract ratio 49.0 46.3 48.0 41.5 65.5 Cromford® Supply Index 66.4 64.2 57.5 71.7 45.8 Cromford® Demand Index 84.8 82.3 76.4 75.5 68.8 Cromford® Market Index 127.7 128.3 132.9 105.3 150.3
Note: "months of supply" is reported excluding UCB/CCBS inventory. LT column = long-term average benchmark.
Disclaimer (method): This post uses the Cromford® Daily Market Snapshot for Phoenix single-family detached homes,
comparing 5/14/26 4/14/26
