2026-01-01 As of: January 1, 2026 • Compared to: December 1, 2025 • Source: Cromford® Daily Market Snapshot (Single Family Detached)
Phoenix • Arizona • Market Updates
Phoenix Housing Market — January 2026
Q: What’s happening in the Phoenix housing market right now?
A: As of January 1, 2026, Phoenix is seller-leaning with negotiation: 2.6 months of supply (excl. UCB/CCBS), median monthly sold price $480,000, median DOM (sold) 77 days,
and an average sale-to-list of 96.92%.
This update is a rolling snapshot (today vs the same date last month) so buyers and sellers can see where leverage is shifting without waiting for end-of-month wrap-ups.
Written by Andrea Scheppe, Phoenix native and REALTOR® with HomeSmart Elite, Valley Solutions Team.
Phoenix reality check: Supply tightened (3.4 → 2.6 months) while sales/month rose (717 → 818).
That’s seller-leaning pressure, but buyers are still negotiating (sale-to-list 96.92%).
Median sold price (monthly sales)
$480,000 FLAT (no change vs last month)
Inventory (months of supply, excl. UCB)
2.6 mo TIGHTER (3.4 → 2.6)
Speed (median DOM, sold)
77 days FASTER (78 → 77)
Negotiation (avg sale price % of list)
96.92% MORE GIVE (97.11% → 96.92%)
Market call
Market: SELLER-LEANING (WITH NEGOTIATION)
Phoenix supply is 2.6 months (tight), and the Cromford® Market Index is 129.0 (above 100 = sellers have the edge).
But average sale-to-list is 96.92%, so buyers can still win credits/repairs/buydowns when a listing misses on price, condition, or presentation.
Quick pulse shifts vs last month (12/1 → 1/1): active listings 2,860 → 2,416, pending 498 → 436,
under contract 909 → 760, and sales/month 717 → 818.
Buyer standings — January 2026
- Negotiation exists: average sale-to-list is 96.92% (concessions are happening).
- Know the speed: median DOM (sold) is 77 days — the best listings move first; the rest sit.
- Where leverage lives: stale listings, condition issues, and pricing that ignores the comp range.
Seller standings — January 2026
- Still advantage: supply tightened (3.4 → 2.6 months) and market index strengthened (112.3 → 129.0).
- But it’s not automatic: average sale-to-list is 96.92%, so overpricing invites credits and longer DOM.
- Pricing discipline matters: listing success rate is 67.9% (not every listing closes).
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’s designed to answer “where do buyers and sellers stand right now?” without waiting for month-end reporting.
What is Phoenix’s inventory right now?
About 2.6 months of supply (excluding UCB/CCBS) as of 1/1/26.
Are buyers negotiating in Phoenix?
On average, yes: sale-to-list is 96.92% as of 1/1/26.
Is Phoenix a buyer’s market?
No. It’s seller-leaning, but buyers gain leverage on stale/overpriced listings.
Open: Phoenix daily snapshot table (Today vs last month)
Phoenix Daily Market Snapshot — Single Family Detached
| Metric | Today (1/1/26) | Same day last month (12/1/25) | Same day last year (1/1/25) |
|---|
| Active listings | 2,416 | 2,860 | 2,396 |
| UCB & CCBS listings | 324 | 411 | 304 |
| Active listings excl. UCB | 2,092 | 2,449 | 2,092 |
| Pending listings | 436 | 498 | 373 |
| Listings under contract | 760 | 909 | 677 |
| Sales per month | 818 | 717 | 795 |
| Days on market (sold) | 77 | 78 | 68 |
| Months of supply (excl. UCB) | 2.6 | 3.4 | 2.6 |
| Avg sale price % list | 96.92% | 97.11% | 97.25% |
| Median price (monthly sales) | $480,000 | $480,000 | $483,000 |
| Listing success rate | 67.9% | 64.1% | 73.5% |
| Cromford® Market Index | 129.0 | 112.3 | 121.2 |
Note: “months of supply” here is reported excluding UCB/CCBS inventory. Use it to gauge leverage, then price/offer off comps and condition.
Disclaimer (method): This post uses the Cromford® Daily Market Snapshot for Phoenix single-family detached homes,
comparing 1/1/26 against the same-day snapshot from 12/1/25 (and 1/1/25 where shown). Numbers can shift as listings status-change and sales record.
Verify current conditions for time-sensitive pricing or offer decisions.
