Published : July 8, 2026 Data as of : July 2, 2026 Compared to : June 2, 2026 Coverage : Phoenix, AZ (city-level) • Source : Cromford® Daily Market Snapshot (Single Family Detached)
Phoenix • Arizona • Market Updates
Phoenix Housing Market July 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 July 2, 2026 seller-leaning with steady market conditions : 2.6 months of supply (excluding UCB/CCBS), median monthly sold price $496,000 , days on market (sold) 65 days,
and an average sale-to-list of 97.46% . The Cromford® Market Index is 123.4 – down slightly from 125.8, with the easing coming from the demand side.
What this means Negotiation: Homes are selling for about 97.46% of list price on average – roughly 2.5% under asking, though it varies by home and neighborhood. That is about even with last month’s 97.44%.How much is for sale: Inventory sits at 2.6 months (excluding UCB/CCBS) – even with last month and tighter than last July’s 3.1. That’s lean – sellers hold the upper hand across most of the city.How long it takes: Recently-sold homes averaged 65 days on market, up from 60 last month; active listings average 81 days . Homes priced and prepped correctly move faster than the average suggests.Pricing reality ($/SF): Monthly sold $/SF is $329.55 while active list $/SF is $366.10 . That $36.55 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: The biggest move this month is pricing – monthly sold $/SF jumped from $315.27 to $329.55 and the median monthly sold price rose from $490,000 to $496,000 .
Average closed size also rose (1,974 to 2,092 sq ft), so part of the median lift is a larger-home mix – but per-foot pricing rising alongside bigger homes is a genuinely firm read on what closed.
The pace side cooled: closings eased from 977 to 945 , sold DOM slowed from 60 to 65 days , and the pipeline thinned – pending fell from 602 to 562 and under-contract from 1,114 to 1,033 .
The listing success rate slid from 73.9% to 70.6% , the weakest read this year.
The Cromford® Market Index sits at 123.4 , down from 125.8 , and the dip was demand-led – the Demand Index eased from 84.2 to 82.6 while the Supply Index held exactly flat at 66.9 . Still comfortably above the 100 threshold that marks seller territory.
Median sold price (monthly sales)
$496,000 UP ($490,000 → $496,000)
Inventory (months of supply, excl. UCB)
2.6 mo FLAT (2.6 → 2.6)
Speed (DOM, sold)
65 days SLOWER (60 → 65)
Negotiation (avg sale price % of list)
97.46% FLAT (97.44% → 97.46%)
Market call Market: SELLER-LEANING – DEMAND IS EASING
Seller-leaning because the Cromford® Market Index is 123.4 – anything over 100 favors sellers.
The slip from 125.8 came from the demand side: the Demand Index eased from 84.2 to 82.6 while the Supply Index held exactly flat at 66.9 . That is a modest demand pullback, not a supply flood.
Sale-to-list held at 97.46% – buyers are getting about 2.5% under ask on average, so leverage barely shifted.
The fastest-moving signals cut both ways: monthly sold $/SF jumped to $329.55 and the median rose to $496,000 , while closings eased to 945 , sold DOM slowed to 65 days , and the listing success rate slid to 70.6% – firmer pricing, cooler pace.
Pulse vs last month (6/2 → 7/2 3,094 → 2,958 , pending 602 → 562 ,
under contract 1,114 → 1,033 , and sales/month 977 → 945 .
The contract pipeline thinned across the board – watch next month’s closings for the follow-through.
Pricing per sq ft: Active list $/SF $378.52 → $366.10 ; Monthly sold $/SF $315.27 → $329.55 ; Under contract $/SF $333.40 → $321.96 .
Asking prices eased while closed prices jumped – the list-to-sold spread narrowed sharply this month.
Buyer standings – July 2026 (what to do) Here is the buyer takeaway for July 2026 and what matters if you’re buying in Phoenix right now.
Negotiation room is steady: Sale-to-list is 97.46% – buyers are getting about 2.5% off ask on average, unchanged from last month.Use the $/SF spread: Active list is $366.10/sf vs monthly sold $329.55/sf . If a listing’s price per sq ft is running well above closed comps, that gap is your negotiating anchor – though it narrowed this month as closed prices firmed.Time is some leverage: Active DOM is running at 81 days while sold homes averaged 65. Listings sitting past that average are where concessions and price reductions tend to show up.The pace cooled a step: Closings eased to 945 , sold DOM slowed to 65 days , and the under-contract count fell to 1,033 . You have slightly more breathing room than the spring market gave you.CMI says sellers still hold it: At 123.4 , the market index is solidly in seller territory even after this month’s dip. Come prepared, preapproved, and knowing your number.Seller standings – July 2026 (what matters) Read the price pop in context: Monthly sold median rose to $496,000 and per-foot pricing jumped to $329.55 , but average closed size also rose – part of the median lift is what sold, not across-the-board appreciation. Price to current closed comps.CMI at 123.4 – still seller territory: The easing was demand-led (Demand Index 84.2 to 82.6 ), with supply exactly flat. Conditions favor you today; do not overreach on price.The $/SF gap punishes overpricing: Active listings ask $366.10/sf while buyers are closing at $329.55/sf . Homes priced near supported comps are the ones driving 945 closings this month.Listing success rate is 70.6%: Nearly 3 in 10 listings don’t close – down from 73.9% last month and the weakest read this year. Photos, preparation, pricing, and showing access are the variables you control.Allow more runway: Sold DOM slowed to 65 days from 60, and the pipeline behind you is thinner (pending 562 , under contract 1,033 ). The buyers who are active are moving decisively on correctly priced homes.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 7/2/26
Are buyers negotiating in Phoenix?
Modestly. Sale-to-list is 97.46% as of 7/2/26
Is Phoenix a buyer’s market right now?
No. The Cromford® Market Index is 123.4 as of 7/2/26
What is the median home price in Phoenix right now?
The median monthly sold price for single-family detached homes is $496,000 as of 7/2/26
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 (7/2/26 ) Same day last month (6/2/26 ) Last quarter (4/2/26 ) Same day last year (7/2/25 ) 2 years ago (7/2/24 ) Active listings 2,958 3,094 3,039 3,316 2,322 UCB & CCBS listings 471 512 560 451 440 Active listings excl. UCB 2,487 2,582 2,479 2,865 1,882 Pending listings 562 602 634 523 564 Listings under contract 1,033 1,114 1,194 974 1,004 Sales per month 945 977 1,036 933 922 Sales per year 10,168 10,111 10,091 9,907 9,658 Days on market (sold) 65 60 67 67 54 Days on market (active) 81 83 79 81 67 Days inventory excl. UCB 90 93 90 106 71 Months of supply (excl. UCB) 2.6 2.6 2.4 3.1 2.0 Active listings $/SF $366.10 $378.52 $377.30 $365.93 $359.78 Under contract $/SF $321.96 $333.40 $336.31 $329.15 $331.48 Monthly sales $/SF $329.55 $315.27 $334.23 $316.61 $318.86 Annual sales $/SF $320.60 $319.07 $317.16 $320.80 $316.59 Avg sale price % of list 97.46% 97.44% 97.56% 97.40% 97.94% Listing success rate 70.6% 73.9% 75.7% 68.1% 75.4% Monthly dollar volume $652M $608M $692M $591M $579M Annual dollar volume $6,569M $6,470M $6,400M $6,294M $6,061M Average price (monthly sales) $689,538 $622,437 $668,177 $633,416 $627,633 Median price (monthly sales) $496,000 $490,000 $484,500 $479,900 $485,000 Median price (annual sales) $485,000 $484,000 $478,000 $480,000 $480,000 Average SF (monthly sales) 2,092 1,974 1,999 2,001 1,968 Contract ratio 41.5 43.1 48.2 34.0 53.3 Cromford® Supply Index 66.9 66.9 63.5 74.2 48.9 Cromford® Demand Index 82.6 84.2 81.1 70.7 66.5 Cromford® Market Index 123.4 125.8 127.8 95.2 136.0
Note: “months of supply” is reported excluding UCB/CCBS inventory.
Disclaimer (method): This post uses the Cromford® Daily Market Snapshot for Phoenix single-family detached homes,
comparing 7/2/26 6/2/26
