Year-to-date housing data from Phoenix REALTORS® shows significant growth in the Maricopa County real estate market.

From January through October, new listings increased 7.3%, closed sales increased 4.2% and pending sales increased 0.7%, all compared to the same time period in 2024.

Meanwhile, the median sales price increased 0.2% to $510,000 and the average increased 2% to $698,437.

“Year-to-date closed sales, pending sales, new listings and median sales price all increased,” said Christy Walker, president of Phoenix REALTORS®. “These data are indicators of strength in the Phoenix market.”

Housing affordability also improved on a year-to-date basis: Despite slightly rising home prices, housing affordability increased to 71%, meaning nearly three-quarters of local households could afford a median-priced home so far this year.

“Homeowners are seeing values rise, increasing their personal equity,” Walker added. “At the same time, rising incomes mean more households can buy that median home compared to last year.”

Looking at October, new listings dropped 3% year over year, with 5,613 new properties added to the MLS. Closings rose 5.3%, with 3,913 homes sold, while pending sales dropped 26.4% to 2,654. The median sales price fell 1% year over year to $500,000, and the average rose 1.9% to $685,365.

Given local inventory and the pace of sales, Maricopa County had a 4.1-month supply in October, up 13.9% year over year.