Home sales declined 18.2% year over year in Maricopa County in October as buyers closed on 3,214 properties, according to the latest data from Phoenix REALTORS®.
That narrowed year-to-date sales growth to just 1.1% annually. A month prior, home sales were up 3.1% year to date.
Meanwhile, pending sales also indicate slow sales in the coming weeks and months, decreasing 46.2% year over year to 2,147. Seller activity also stalled, with new listings dropping 9% year over year to 5,458. A total of 16,708 homes were on the market during the month, up 11.6% from October 2025.
“Single-family home sales took a big hit for the month,” Phoenix REALTORS® President Sammy Glassman said in a press release. “Interest rates, economic concerns and the upcoming election all combined to make it a tough month.”
The typical home sold in 71 days — five days faster than a year prior. Given the rate of sales, the county had a 4.3-month inventory, up 13.2% from 3.8 months in October 2025.
The median sales price for October held steady just shy of $500,000. Meanwhile, the average increased 6.6% to $730,575. Year to date, the area’s affordability index has dropped from 76 to 70, meaning the median household income covers just 70% of the income needed for a median-priced home.
“Buyers have more homes to choose from, and prices have remained relatively steady, but affordability continues to be a significant hurdle,” Glassman added. “Having more choices only helps if families can qualify for the mortgage.”
Phoenix
In Phoenix proper, closed home sales dropped 13.1% to 712 while pending sales plummeted 48.2% to 427. New listings also declined 2.7% year over year to 1,171.
The city’s home prices increased: The median rose 2.6% to $481,998, while the average jumped 18.1% to $721,359.
Given the rate of sales, Phoenix had a 4.2-month inventory, up 16.7% year over year.
Scottsdale
Market conditions were similar in Scottsdale as closed home sales fell 12.9% to 325 and pending sales dropped 43.5% to 208. New listings decreased 14.1% to 523. Amid that steep drop in new listings, the city’s inventory declined 4.5% year over year to 4.2 months.
Meanwhile, Scottsdale’s median sales price rose 5.6% to $1.225 million and the average increased 6.9% to $1,618,450.