Closed home sales increased 11.9% year over year in Maricopa County in December, according to the latest data from Phoenix REALTORS®.

Homebuyers purchased 4,006 properties during the month, up from 3,379 during December 2024. Pending sales, however, declined 28.6% year over year.

Looking at the whole year, home sales increased 4.9% from 2024, with 47,863 sales.

“Strong. That’s one word to describe the finish to 2025,” Sammy Glassman, president of Phoenix REALTORS®, said in a press release. “Though we may have started the year with a good dose of cautious optimism when it came to home sales and pending sales, the past several months have delivered encouraging stability.”

In December, the typical home stayed on the market for 76 days, up 7% year over year. Given the rate of sales, the county had a 3.4-month inventory, up from 3.3 months a year prior.

The median sales price was steady, increasing 0.8% year over year to $515,000, while the average rose just 0.2% to $716,129. In Phoenix, the median increased 0.2% to $480,000 while the average dropped 7.8% to $637,172; in Scottsdale, the median rose 6.2% to $1.2 million while the average increased 1.2% to $1,573,270.

For the whole year, the county’s median sales price increased 0.2% annually to $510,000, while the average increased 1.9% to $698,727.

Combined with tapering home prices, rising incomes in the area boosted the housing affordability index for the year to 71 — up 6% from 2024.

“Despite the way numbers look to close our 2025, I believe it’s too early to call it a trend for 2026,” Glassman warned. “While sales are up over the past few months, pending sales are slowing and new listings are increasing. That makes preparation more important than ever as buyers and sellers navigate a market that has improved but remains complex.”