Published : August 9, 2026 Data as of : August 6, 2026 Compared to : July 6, 2026 Coverage : Phoenix, AZ (city-level) • Source : Cromford® Daily Market Snapshot (Single Family Detached)
Phoenix • Arizona • Market Updates
Phoenix Housing Market August 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 August 6, 2026 moderately seller-leaning : 2.8 months of supply (excluding UCB/CCBS), median monthly sold price $485,000 , days on market (sold) 65 days, and an average sale-to-list of 97.63% . The Cromford® Market Index is 122.4 – essentially unchanged from 122.7 last month.
What this means Negotiation: Homes are selling for about 97.63% of list price – roughly 2.37% under asking on average, unchanged from last month.How much is for sale: Inventory is 2.8 months (excluding UCB/CCBS), flat against last month and below last August’s 3.2.How long it takes: Recently-sold homes averaged 65 days on market; active listings average 85 days .Pricing reality ($/SF): Monthly sold $/SF is $309.26 while active list $/SF is $357.00 . That is a $47.74/SF gap between asking and closing – and that spread is where negotiations happen.This is a rolling snapshot (today vs the same date last month ) so buyers and sellers can track leverage shifts without waiting for month-end reporting.
Written by Andrea Scheppe , Phoenix native and REALTOR® with HomeSmart Elite, Valley Solutions Team.
Phoenix reality check: A quiet month on the headline numbers and a busier one underneath. The Cromford® Market Index barely moved (122.7 → 122.4 ), months of supply held at 2.8 , sale-to-list held at 97.63% , and sold DOM held at 65 days . Underneath, the median fell ($503,750 → $485,000 ) and monthly sold $/SF dropped ($325.83 → $309.26 ) while annual sold $/SF was flat ($320.68 → $320.56 ) – a single-month swing rather than a trend. Average sold size fell only slightly (2,067 → 2,037 SF ), so mix explains part of the move but not most of it. The pipeline thinned: listings under contract fell (1,032 → 925 ) and the contract ratio dropped (42.0 → 37.5 ), even as closings held at 879 and the listing success rate improved (67.8% → 69.8% ).
Median sold price (monthly sales)
$485,000 DOWN ($503,750 → $485,000)
Inventory (months of supply, excl. UCB)
2.8 mo FLAT (2.8 → 2.8)
Speed (DOM, sold)
65 days FLAT (64 → 65)
Negotiation (avg sale price % of list)
97.63% FLAT (97.63% → 97.63%)
Market call Market: SELLER-LEANING – HOLDING STEADY
Moderately seller-leaning because Cromford® Market Index is 122.4 , and it did not really move – 122.7 last month. Both sides of the index eased and offset each other: the Supply Index tightened from 66.8 to 64.3 while the Demand Index fell from 82.0 to 78.7. Tightening supply pushes the index up, cooling demand pulls it down, and this month they cancelled. Sale-to-list held at 97.63% , so buyers keep about 2.37% under ask on average – the same ground they held last month. The signals that did move cut against the flat headline: the median fell to $485,000 , monthly sold $/SF dropped to $309.26 , and listings under contract fell to 925 . Annual sold $/SF is flat at $320.56 , which is the steadier read on pricing.
Quick pulse vs last month (7/6 → 8/6 2,912 → 2,841 , pending 577 → 550 ,
under contract 1,032 → 925 , and sales/month 874 → 879 .
Pricing per sq ft: Active list $/SF $363.69 → $357.00 ; Monthly sold $/SF $325.83 → $309.26 ; Under contract $/SF $320.27 → $315.12 .
Buyer standings – August 2026 (what to do) Here is the buyer takeaway for August 2026 and what matters if you’re buying in Phoenix right now.
Expect modest negotiation: Sale-to-list is 97.63% – about 2.37% under ask on average, unchanged from last month.Use the $/SF spread: Active list is $357.00/sf against monthly sold $309.26/sf , a $47.74 gap. Phoenix asking prices carry real air above closed comps, so write to the comps rather than to the list price.Stale listings are the opportunity: Sold DOM is 65 days against active DOM of 85 days . That 20-day gap is the widest of the Valley markets I track.Use the annual number to sanity-check: Monthly sold $/SF dropped to $309.26 , but annual sold $/SF is flat at $320.56 . One month is not a trend.This is still a seller-leaning market: CMI 122.4 with 2.8 months of supply. Come pre-approved.Seller standings – August 2026 (what matters) Your position did not change: CMI is 122.4 , supply is 2.8 months , and sale-to-list held at 97.63% .Price to the closing market: Buyers closed around $309.26/sf this month. Active listings average $357.00/sf . A $47.74 gap between asking and closing is why listings sit.Active DOM is the warning: 85 days for listings that have not moved, against 65 days for those that did.The pipeline thinned: Listings under contract fell to 925 from 1,032 and the contract ratio dropped to 37.5 , even though closings held at 879 .Better odds than last month: The listing success rate rose to 69.8% from 67.8% – roughly 7 in 10 listings are closing.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. Designed to answer “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,” $/SF = “price per square foot.”
What is Phoenix’s inventory right now?
About 2.8 months of supply (excluding UCB/CCBS) as of 8/6/26
Are buyers negotiating in Phoenix?
Modestly: sale-to-list is 97.63% as of 8/6/26
Is Phoenix a buyer’s market right now?
No by Cromford® Market Index: it is 122.4 as of 8/6/26
What is the median home price in Phoenix right now?
The median monthly sold price for Phoenix single-family detached homes is $485,000 as of August 6, 2026
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 (8/6/26 ) Same day last month (7/6/26 ) Last quarter (5/6/26 ) Same day last year (8/6/25 ) 2 years ago (8/6/24 ) Active listings 2,841 2,912 3,100 3,072 2,355 UCB & CCBS listings 375 455 545 428 418 Active listings excl. UCB 2,466 2,457 2,555 2,644 1,937 Pending listings 550 577 691 544 491 Listings under contract 925 1,032 1,236 972 909 Sales per month 879 874 1,016 826 820 Sales per year 10,220 10,167 10,110 9,899 9,593 Days on market (sold) 65 64 66 69 56 Days on market (active) 85 83 79 88 69 Days inventory excl. UCB 88 88 92 98 74 Months of supply (excl. UCB) 2.8 2.8 2.5 3.2 2.4 Active listings $/SF $357.00 $363.69 $374.69 $354.73 $349.68 Under contract $/SF $315.12 $320.27 $323.51 $322.43 $329.57 Monthly sales $/SF $309.26 $325.83 $330.69 $309.94 $307.66 Annual sales $/SF $320.56 $320.68 $319.06 $320.84 $317.21 Avg sale price % of list 97.63% 97.63% 97.18% 97.25% 97.86% Listing success rate 69.8% 67.8% 75.1% 62.4% 74.2% Monthly dollar volume $554M $589M $673M $518M $489M Annual dollar volume $6,609M $6,573M $6,468M $6,315M $6,013M Average price (monthly sales) $629,981 $673,537 $662,028 $627,213 $595,916 Median price (monthly sales) $485,000 $503,750 $510,000 $479,500 $475,000 Median price (annual sales) $485,000 $485,000 $480,000 $480,990 $480,000 Average SF (monthly sales) 2,037 2,067 2,002 2,024 1,937 Contract ratio 37.5 42.0 48.4 36.8 46.9 Cromford® Supply Index 64.3 66.8 65.9 70.7 49.0 Cromford® Demand Index 78.7 82.0 84.6 69.1 62.9 Cromford® Market Index 122.4 122.7 128.3 97.8 128.4
Note: “months of supply” reported excluding UCB/CCBS inventory.
Disclaimer (method): This post uses the Cromford® Daily Market Snapshot for Phoenix single-family detached homes, comparing 8/6/26 7/6/26
