As we look ahead to Arizona’s housing forecast for 2026–2027, I’m seeing some familiar patterns—and a few shifts that matter whether you’re buying or selling in Greater Phoenix. The median sale price has held steady at $445K in mid-Q3, with roughly 23,400 active listings on the market, about 4.3 months of supply, and a median of 64 days for homes to sell. List prices have eased, but closed prices remain steady. For my buyers, that’s meant more space to negotiate—credits, buydowns, thorough inspections, and sometimes a better value per square foot. Builders are offering incentives, so when you’re weighing new builds versus resales, it’s smart to look beyond the sticker price and compare the net monthly cost instead.
For my sellers, I’ve found that pricing is everything: look at comps from the past 45 days, plan for concessions upfront, and don’t be afraid to reset your strategy if your home lingers past 60 or 70 days. As we head toward early Q1 2027, the outlook is for a stable-to-soft market, continued room for negotiation, and close attention to those near-7% mortgage rates, builder buydowns, insurance, and—let’s not forget—cooling costs in our desert climate. With over 17 years in Arizona real estate, I’ve learned that the best results come from preparation, strategy, and always putting your needs at the center of the process.
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