New and pending listings declined annually in Maricopa County in January while home sales were steady, according to data from Phoenix REALTORS®.

Realtors added 6,385 homes to the MLS during the month, down 8.5% from January 2025, when 6,980 new listings were added. Active listings increased 7.5% year over year, with over 15,000 homes on the market.

Buyers purchased 3,018 homes, up 1.4% year over year. Meanwhile, pending home sales plummeted 32.2%, with 2,755 listings going under contract, down from 4,066 a year prior.

“When you look at the long-term trending numbers, January is always a slow month for residential real estate,” Sammy Glassman, president of Phoenix REALTORS®, said in a press release. “Sales, listings and pending deals hit a trough ahead of the spring peak sales in February and through the spring.”

The median sales price dropped 3.8% to $500,000, down from $520,000 a year ago, while the average sales price ticked up 0.1% to $748,359. The typical seller received 97.9% of their asking price, down 0.1% year over year.

Homes lingered on the market longer as average days on market increased 12% year over year to 84 days.

Given the rate of sales, Maricopa County had a 3.9-month inventory in January, up 5.4% year over year.

Phoenix

In Phoenix, closings increased 6.8%, while new listings declined 13.9% and pending sales declined 34.5%. The median sales price declined 6.5% to $458,000, down from $490,000 in January 2025.

The city had a 3.4-month housing supply, about the same as a year ago.

Scottsdale

Scottsdale had a median home price of $1.35 million in January, up 2.7% year over year. Both closed and pending-home sales dropped by 7.2% and 41.4%, respectively. Days on market increased to 99, up 16.5% year over year.

Inventory increased to 5.3 months, up 15.2% annually.