January Market Update:
The new year is off to a noticeably different start. After a measured and recalibrating 2025, the Phoenix metro real estate market is entering 2026 with renewed energy, clearer direction, and early momentum — and it’s showing both in the data and on the ground.
Last year was about normalization. Buyers and sellers adjusted to higher rates, pricing became more intentional, and the market settled into a healthier, more balanced rhythm. That foundation is now paying off.
January numbers show a market that is stable but tightening. Across Phoenix, inventory is trending slightly lower, pricing is holding steady, and days on market reflect thoughtful — not hesitant — buyers. Scottsdale continues to stand out with declining inventory, rising prices, and faster sales, reinforcing strong demand for well-priced, move-in-ready homes. Paradise Valley remains more nuanced, with increased inventory and longer days on market, yet significant price growth, creating opportunity for strategic buyers and well-positioned sellers.
Beyond the numbers, the real story is the shift in activity. Since returning from the holiday break, phones are buzzing, showings are increasing, and we already have five listings scheduled to hit the market between now and early February — an early signal that sellers are ready to move. Buyers who paused late last year are re-engaging with purpose.
Looking ahead, we expect a very active spring season, with demand favoring properties that are priced correctly and prepared properly. This is not a frenzied market — but it is a motivated one.
2025 set the stage.
2026 is gaining momentum.
If you’re considering buying or selling this year, early positioning will matter — and timing may be everything.
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