The market is starting 2026 in a more balanced place. Inventory is down about 10% from December but still roughly 12% higher than a year ago, so buyers still have good selection. Demand is running ahead of last year, with closings up about 14% and under-contract activity up about 5%. Prices are up slightly year over year, which supports confidence in the market, but affordability has actually improved because household incomes rose faster than home prices last year. For first-time buyers, that means conditions are a bit friendlier; for investors, volume is healthier; and for luxury buyers, activity remains steady without the swings we saw last year.
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Market Update
Kirsten Snyder 602-505-0860 ocotillorealtyteam@gmail.com Serving Phoenix Valleywide (AZ) since 2003