Closed home sales increased 8.9% in Maricopa County in March, according to the latest data from Phoenix REALTORS®.
Buyers purchased 4,977 homes during the month, up from 4,572 homes a year prior. Year to date, closed sales rose 4.1%, with 11,751 homes sold so far in 2026.
“Many expected overall sales activity in March to come in below typical levels,” Phoenix REALTORS® President Sammy Glassman said in a press release. “In reality, performance was more in line with historical trends.”
Pending sales dropped 28.5% during the month, however, with 3,502 listings going under contract. That was down from 4,895 pending sales in March 2025.
The typical Phoenix-area home sold in March stayed on the market for 74 days, up four days year over year. The median sales price was $518,200 — down 0.3% year over year — while the average was $768,501, up 3.4%.
Meanwhile, Realtors added 6,312 Maricopa County homes to the MLS, down 9% year over year. Total active inventory increased 4% annually.
“We’re also seeing some sellers hesitate to enter the market or price more aggressively, combined with seasonal patterns and even early heat impacting listing activity,” Glassman explained.
Given the rate of sales, Maricopa County had a 4.2-month inventory in March, up 5% from March 2025, when there was a four-month supply.
“The March data reflects a market where buyers and sellers are still finding ways to get deals done,” added Glassman. “That continued activity points to a level of stability in the greater Phoenix market, even as conditions continue to evolve.”
Phoenix
In Phoenix proper, closed home sales increased 10% month over month, 6.3% year over year and 2.1% year to date. Pending sales, however, fell 13.6%.
The median price also fell 4.1% to $480,000, while days on market increased 6.2% to 69.
Given the rate of sales, Phoenix had a 3.7-month inventory, up from 3.6 months in March 2025.
Scottsdale
Scottsdale home sales rose 20.6% year over year and 6.9% year to date, with 491 homes sold during the month and 1,141 sold so far in 2026. Pending sales dropped 26.5% annually.
The median Scottsdale home price increased 1.2% to $1,299,999, while the average rose 0.1% to $1,727,415.
Given the rate of sales, Scottsdale had a 5.5-month inventory in March, up 7.8% from a year prior.