The Phoenix-area housing market was slow but steady in July, with annual increases in closed sales and prices but declines in new listings and pending home sales.
According to the latest data from Phoenix REALTORS®, closed home sales increased 4.3% year over year across Maricopa County, with buyers purchasing 4,136 homes during the month. The typical home stayed on the market for 73 days — up 1.4% year over year — with a median sales price of $504,900 and an average of $709,282, up 1% and 6%, respectively.
At the same time, pending home sales plummeted 35.4%, with 2,420 listings going under contract. New listings also declined 5% year over year, with sellers adding 4,650 homes to the market.
Total active inventory declined 1.4% year over year, with 14,407 properties for sale across the county. Given the rate of sales, that amounted to a 3.6-month housing supply, down from 3.8 months in June 2025.
“Summers are typically the slowest time of year for home sales. The market is still moving, just at a more measured pace,” President Sammy Glassman said in a press release. “Buyers can take a little more time to make decision, while sellers who price their homes well are in the best position to attract serious offers sooner.”
Phoenix
In Phoenix proper, closed home sales rose 8.7% annually, with 915 sales in July. New listings decreased 4.4%, with 1,052 properties added to the MLS, while pending sales dropped 33.1% as 528 properties went under contract.
The median sales price increased 1.1% to $479,990, while the average dipped just 0.6% to $624,756.
Total active inventory decreased 4.7% to 2,851 homes. Given the rate of sales, Phoenix had a 3.4-month supply, down from 3.6 months a year prior.
Scottsdale
In Scottsdale, closings increased 13.1% year over year, although pending sales crashed 47%, with buyers contracting on just 157 homes in July. New listings also decreased 7.4% year over year.
Both the median and average sales price jumped: The median increased 10.6% to $1.25 million, while the average rose 14.4% to over $1.66 million.
Active listings dropped 11.5% annually, with 1,214 Scottsdale properties on the market in July. Given the rate of sales, that equated to a 3.4-month housing supply, down 19% from the 4.2-month inventory seen last July.