The Phoenix metro real estate market continues to show resilience in May 2026. While inventory has slightly improved, well-priced homes in desirable neighborhoods are still receiving strong interest.
Current Highlights
- Median home prices remain stable with modest appreciation in North Central Phoenix and Scottsdale.
- Interest rates have settled in the mid-6% range.
- Homes priced correctly and in move-in condition are selling within 30-45 days on average.
- Properties with updated kitchens, solar systems, and strong outdoor living spaces are commanding premium prices.
For Buyers: This remains a competitive market. Being pre-approved and working with an experienced agent is key.
For Sellers: Proper pricing and professional presentation continue to be critical for success.