Phoenix Metro Market Update: June 2026 & Mid-Year Snapshot

From Jennifer Haugebak, Phoenix Living at Real Broker

If you've been sitting on the sidelines wondering whether now is the right time to buy or sell in the Phoenix Metro area, the numbers just answered that question.

June was a strong month, and the first half of 2026 as a whole shows a market that's active, resilient, and rewarding for both buyers and sellers.

Let's break it down.

June 2026: A Month of Momentum

Comparing June 2026 to June 2025 across Maricopa County single-family homes:

• Homes sold: 4,726, up 9.8% year over year
• Total dollar volume: $3.47 billion, up 16.7%
• Median sale price: $515,000, up 2.0%
• New listings: 5,234, up just 1.7%

Here's what jumps out: sales grew nearly 10%, but new listings barely budged. That gap matters. It tells us buyer demand is accelerating faster than new inventory is showing up — which is exactly the kind of market condition that supports steady, healthy price appreciation without a runaway seller's market or a buyer's free-for-all. Everyone gets a fair shake.

The First Half of 2026: Consistency Wins

Zooming out to the full January–June picture, the story holds:

• Homes sold: 27,742, up 5.2% compared to the first half of 2025
• Total dollar volume: $20.58 billion, up 9.5%
• Median sale price: $512,500, essentially flat at -0.1%
• New listings: 39,146, down 4.1% from last year
• Median list price: $536,000, up 1.1%

That flat median sale price is one of the most encouraging numbers in this whole report. We're not seeing wild price swings in either direction. Instead, we're seeing a market that's absorbing more sales and more dollar volume while keeping prices grounded — the definition of sustainable growth.

What This Means If You're Buying

More sales activity might sound like more competition, but the flip side is this: prices have barely moved. You're not chasing a market that's sprinting away from you. With new listings down 4.1% year over year, good homes are still coming to market — they're just not sitting. If you've been waiting for "the right time," a stable price environment with steady buyer activity is about as good as it gets for making a confident, well-informed decision.

What This Means If You're Selling

A 16.7% jump in June's dollar volume and a 9.5% jump for the whole first half of the year means real money is moving through this market, and homes are selling. Combined with new listings lagging behind demand, sellers who price correctly and present their home well are stepping into a market that's actively rewarding good inventory. This isn't a "list it and hope" market — it's a "list it and it moves" market.

The Bottom Line

Whether you're buying your first home, upsizing, downsizing, or relocating to the Phoenix Metro area, the mid-year data points to a market with real momentum and real stability. That combination doesn't come around often, and it's worth taking seriously if you've been on the fence.

Have questions about what this means for your specific neighborhood or situation? I'm always happy to talk it through.

Love where you live! Let me help get you there.

Jennifer Haugebak · Phoenix Living · Real Broker · Jennifer@PhoenixLivingRE.com · (602) 529-5107 · @phoenixlivingaz

Source: ARMLS Comparative Market Analysis, Maricopa County, Single Family Residential, as of July 13, 2026.