Published : June 27, 2026 Data as of : June 25, 2026 Compared to : May 25, 2026 Coverage : Phoenix, AZ (city-level) • Source : Cromford® Daily Market Snapshot (Single Family Detached)
Phoenix • Arizona • Market Updates
Phoenix Housing Market June 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 June 25, 2026 seller-leaning with steady market conditions : 2.6 months of supply (excluding UCB/CCBS), median monthly sold price $490,000 , days on market (sold) 63 days,
and an average sale-to-list of 97.49% . The Cromford® Market Index is 124.0 - down slightly from 126.4, with the easing coming from the demand side.
What this means Negotiation: Homes are selling for about 97.49% of list price on average - roughly 2.5% under asking, though it varies by home and neighborhood. That firmed slightly from last month's 97.25%.How much is for sale: Inventory sits at 2.6 months (excluding UCB/CCBS) - down from 2.8 last month and tighter than both last quarter (2.8) and last year (3.2). That's lean - sellers hold the upper hand across most of the city.How long it takes: Recently-sold homes averaged 63 days on market, unchanged from last month; active listings average 81 days . Homes priced and prepped correctly move faster than the average suggests.Pricing reality ($/SF): Monthly sold $/SF is $324.79 while active list $/SF is $370.44 . That $45.65 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 closings - sales per month climbed from 918 to 984 .
Supply tightened from 2.8 to 2.6 months (excluding UCB/CCBS) and active listings eased from 3,156 to 3,055 .
The median monthly sold price dipped from $499,450 to $490,000 , but per-foot pricing held about flat ($325.48 to $324.79 ) and the average sale rose to $667,162 on a slightly larger closed-home mix (2,006 to 2,054 sq ft) - so this reads as a shift in what sold, not a broad price decline.
The pipeline cooled: under-contract listings fell from 1,216 to 1,141 and pending held about flat (648 to 645).
The Cromford® Market Index sits at 124.0 , down from 126.4 , and the dip was demand-led - the Demand Index eased from 84.5 to 83.0 while the Supply Index barely moved (66.9 to 67.0). Still comfortably above the 100 threshold that marks seller territory.
Median sold price (monthly sales)
$490,000 DOWN ($499,450 → $490,000)
Inventory (months of supply, excl. UCB)
2.6 mo TIGHTER (2.8 → 2.6)
Speed (DOM, sold)
63 days FLAT (63 → 63)
Negotiation (avg sale price % of list)
97.49% STRONGER (97.25% → 97.49%)
Market call Market: SELLER-LEANING - DEMAND IS EASING
Seller-leaning because the Cromford® Market Index is 124.0 - anything over 100 favors sellers.
The slip from 126.4 came from the demand side: the Demand Index eased from 84.5 to 83.0 while the Supply Index barely moved (66.9 to 67.0). That is a modest demand pullback, not a supply flood.
Sale-to-list firmed to 97.49% - buyers are getting about 2.5% under ask on average, so leverage barely shifted.
The fastest-moving signals cut both ways: closings surged to 984 and supply tightened to 2.6 months , while pending (648 to 645 ) and under-contract (1,216 to 1,141 ) both eased - strong closings, cooler pipeline.
Pulse vs last month (5/25 → 6/25 3,156 → 3,055 , pending 648 → 645 ,
under contract 1,216 → 1,141 , and sales/month 918 → 984 .
Closed sales are up strongly even as the contract pipeline thinned - watch next month's closings for the follow-through.
Pricing per sq ft: Active list $/SF $377.10 → $370.44 ; Monthly sold $/SF $325.48 → $324.79 ; Under contract $/SF $328.32 → $325.07 .
Asking prices eased while closed prices held about flat - the list-to-sold spread narrowed slightly this month.
Buyer standings - June 2026 (what to do) Here is the buyer takeaway for June 2026 and what matters if you're buying in Phoenix right now.
Negotiation room is steady: Sale-to-list is 97.49% - buyers are getting about 2.5% off ask on average, a touch firmer than last month.Use the $/SF spread: Active list is $370.44/sf vs monthly sold $324.79/sf . If a listing's price per sq ft is running well above closed comps, that gap is your negotiating anchor - though it narrowed a bit this month.Time is some leverage: Active DOM is running at 81 days while sold homes averaged 63. Listings sitting past that average are where concessions and price reductions tend to show up.The market sped up on closings: Sales jumped to 984 and supply tightened to 2.6 months . Well-priced homes are moving quickly - don't assume everything will sit.CMI says sellers still hold it: At 124.0 , the market index is solidly in seller territory even after this month's dip. Come prepared, preapproved, and knowing your number.Seller standings - June 2026 (what matters) Read the median dip in context: Monthly sold median fell from $499,450 to $490,000 , but per-foot pricing held about flat ($324.79 ) and the average sale rose on a slightly larger closed mix - so this is more a shift in what sold than a broad value drop. Still, price to current closed comps.CMI at 124.0 - still seller territory: The easing was demand-led (Demand Index 84.5 to 83.0 ), with supply about flat. Conditions favor you today; do not overreach on price.The $/SF gap punishes overpricing: Active listings ask $370.44/sf while buyers are closing at $324.79/sf . Homes priced near supported comps are the ones driving 984 closings this month.Listing success rate is 71.9%: About 1 in 4 listings doesn't close - down from 74.0% last month. Photos, preparation, pricing, and showing access are the variables you control.Speed held steady: Sold DOM was 63 days , unchanged from last month. 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 6/25/26
Are buyers negotiating in Phoenix?
Modestly. Sale-to-list is 97.49% as of 6/25/26
Is Phoenix a buyer's market right now?
No. The Cromford® Market Index is 124.0 as of 6/25/26
What is the median home price in Phoenix right now?
The median monthly sold price for single-family detached homes is $490,000 as of 6/25/26
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 (6/25/26 ) Same day last month (5/25/26 ) Last quarter (3/25/26 ) Same day last year (6/25/25 ) 2 years ago (6/25/24 ) Active listings 3,055 3,156 3,034 3,396 2,394 UCB & CCBS listings 496 568 583 474 465 Active listings excl. UCB 2,559 2,588 2,451 2,922 1,929 Pending listings 645 648 682 588 630 Listings under contract 1,141 1,216 1,265 1,062 1,095 Sales per month 984 918 871 912 887 Sales per year 10,151 10,079 10,090 9,924 9,613 Days on market (sold) 63 63 64 67 54 Days on market (active) 81 82 80 81 66 Days inventory excl. UCB 92 94 89 108 73 Months of supply (excl. UCB) 2.6 2.8 2.8 3.2 2.2 Active listings $/SF $370.44 $377.10 $379.12 $369.95 $362.64 Under contract $/SF $325.07 $328.32 $337.90 $324.81 $333.96 Monthly sales $/SF $324.79 $325.48 $336.48 $317.40 $313.97 Annual sales $/SF $320.43 $319.72 $317.56 $321.06 $315.73 Avg sale price % of list 97.49% 97.25% 97.54% 97.63% 98.06% Listing success rate 71.9% 74.0% 72.6% 68.2% 74.9% Monthly dollar volume $656M $599M $581M $575M $559M Annual dollar volume $6,548M $6,467M $6,410M $6,306M $6,018M Average price (monthly sales) $667,162 $652,966 $667,268 $630,471 $629,936 Median price (monthly sales) $490,000 $499,450 $475,000 $480,000 $485,000 Median price (annual sales) $485,000 $485,000 $479,000 $480,000 $480,000 Average SF (monthly sales) 2,054 2,006 1,983 1,986 2,006 Contract ratio 44.6 47.0 51.6 36.3 56.8 Cromford® Supply Index 67.0 66.9 62.9 74.3 48.7 Cromford® Demand Index 83.0 84.5 80.5 71.0 66.7 Cromford® Market Index 124.0 126.4 128.0 95.5 136.9
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 6/25/26 5/25/26
