New listings and pending and closed home sales all decreased annually in Maricopa County in August, according to the latest data from Phoenix REALTORS®.

Sellers pulled back, with new listings decreasing 8.5% year over year to 4,724, down from 5,161 new listings last August.

At the same time, pending home sales plummeted 34.2% year over year, with 2,602 listings going under contract. Closed home sales declined 4.9%, with 3,568 sales during the month.

However, Phoenix REALTORS® President Sammy Glassman says those numbers shouldn’t deter sellers from listing.

“With that many homes on the market, one would think that it’s not a good time to sell,” Glassman said in a press release. “Even though August was a soft month, over 8,000 were in the process of being sold or closed during the month. That’s more than a third of the housing inventory that will be off the market and needs to be replaced with new listings.”

Year to date, closed home sales are up 4.2%, with 33,900 sales so far this year compared to 32,549 during the same time frame in 2025.

“Looking at year-to-date numbers, homes are selling in the market,” Glassman said. “As an individual month, however, August showed its traditional summer softness. Sales tend to pick up as we head into fall.”

Across the county, the median sales price was flat year over year at $499,990, but the average rose 6.1% to $686,706. The typical seller received 98.1% of their asking price, up 0.1% year over year.

Given the rate of sales, the county had a 3.6-month inventory, unchanged from last August.

Phoenix

Market activity in Phoenix proper mirrored that of the greater Maricopa County market. New listings declined 5.8%, with 1,014 properties added to the market in August. Pending sales slid 40.1%, with 496 listings going under contract, while closings fell 10% to 726.

The median sales price decreased 2.6% year over year to $460,000, and the average decreased 1.1% to $601,378.

Active listings rose 3% to 2,926, giving the city a 3.6-month inventory. That was up 5.9% from last August.

Scottsdale

In the more luxurious Scottsdale market, new listings decreased 5.9% year over year, with 386 homes added to the MLS. Pending sales dropped 36.6%, with 201 listings going under contract, and closings decreased 3.8%, with 278 home sales.

Sales price jumped annually: The median increased 12.9% to $1.149 million and the average increased 16.8% to $1,489,759, indicating that the most expensive part of the market is still active.

Total active inventory declined 10% to 1,156. Given the rate of sales, that amounted to a 3.2-month inventory, down 17.9% year over year.