Closed home sales rose 4.7% in Maricopa County in May, according to the latest data from Phoenix REALTORS®.
Buyers purchased 4,839 homes during the month, up from 4,622 during May 2025. Pending sales, however, dropped 27.9%, with 3,039 listings going under contract, down from 4,216 a year prior.
New listings also declined annually, with 5,355 sellers putting homes on the market, down 12.6% from 6,127 new listings last May. Those joined a total of 15,857 properties on the market, down 3.7% year over year.
Home prices were statistically flat, with the median steady at $510,000 and the average up 1.5% to $718,920.
Days on market increased 1.7% — about one day — to 70. Given the rate of sales, Maricopa County had a four-month inventory, down 7% year over year.
“Many were expecting May to be a challenging month after April’s numbers and with the continuing economic uncertainty,” Sammy Glassman, president of Phoenix REALTORS®, said in a press release. “Instead, closed sales continued to show year-over-year growth. Pending sales and new listings are still down so far this year, the declines are slight, and the market is holding steady from a year-to-date perspective.
Phoenix
In Phoenix proper, closed home sales declined 0.7% year over year, with 980 sales in May. Pending sales dropped 30.3%, with 605 listings going under contract, and new listings fell 13.2%, with 1,210 properties added to the MLS.
The median sales price increased 3.2% year over year to $490,000, while the average was flat at $621,059. Most sellers received 98.2% of their list price, up 0.2% from last May.
Phoenix home shoppers had 3,071 total properties to choose from in May, down 7.2% year over year. Given inventory levels and the rate of sales, the city had a 3.7-month housing supply, down 7.5% from May 2025.
Scottsdale
Scottsdale home sales jumped 16.1% year over year in May, with 433 closings. Pending sales fell 30.3%, with 228 listings going under contract, and new listings declined 23.9%, with 394 homes added to the market.
The median sales price decreased 6.9% to $1,208,000, while the average increased 0.4% to $1,691,342. The typical seller received 96.5% of their list price, up 0.1% year over year.
Days on market increased eight days year over year to 83, a 10.7% increase. Given the rate of sales, the city had a 4.7-month inventory, down 11.3% year over year.