The Phoenix  market continues shifting toward balance as we close out November 2025. Inventory is rising, days on market are increasing, and buyer activity is steady—but not accelerating. Even as supply grows, prices remain resilient, with appreciation back in positive territory and homes still selling close to list price.

This update breaks down the key numbers and what they mean for buyers and sellers navigating today’s market.

Market at a Glance 

Inventory & Supply

• Active Listings: 27,812

• Active Listings Excluding UCB: 24,774

• Months of Supply (excl. UCB): 3.9

• Days of Inventory: 122

Trend: Inventory is up compared to last month, last year, and especially two years ago—giving buyers more options and creating a more competitive environment for sellers.

Demand Indicators

• Sales per Month: 6,307

• Sales per Year: 73,966

• Listings Under Contract: 7,110

• Pending Listings: 4,072

Trend: Sales activity is up month-over-month and year-over-year, showing steady demand. Pending listings dipped slightly, suggesting a steady—not surging—market.

Days on Market

• DOM – Sales: 84

• DOM – Active: 100

Trend: Homes are taking longer to sell, indicating buyers are taking their time and sellers must be more strategic with pricing and presentation.

Price Trends

• Monthly Sales $/SF: $294.10

• Active Listings $/SF: $356.85

• Average Sales Price: $592,458

• Median Sales Price: $450,000

• Sale-to-List Price Ratio: 97.43%

• Appreciation (MoM): +1.7%

Trend: Despite rising inventory, prices remain stable, and appreciation is positive again—underscoring continued value and demand in the West Valley.

Market Strength Indicator

• Cromford® Market Index: 80.4
  (Down from 86.8 last year and 105.7 two years ago)

Trend: The market is cooling compared to previous years but still leans slightly in favor of sellers.

🧭 What This Means for Buyers

The market is finally giving buyers something they haven’t had in years: choices.

• More inventory → Less competition on individual homes

• Longer days on market → More negotiating power

• Stable prices → Less fear of “overpaying” due to bidding wars

• A slowing index → Favorable conditions beginning to form

Buyer Advantage: Opportunity to shop strategically, negotiate repairs, and avoid rushed decision-making.

🏡 What This Means for Sellers

Homes are still selling—and for strong prices—but the days of “list it and forget it” are over.

• More listings means more competition

• Days on market are rising

• Price sensitivity is increasing

• Buyers expect move-in-ready condition and strong presentation

• A good strategy matters more now than ever

Seller Advantage: With prices still stable and demand steady, well-priced and well-presented homes continue to attract solid offers.

Final Takeaway

The Phoenix market is transitioning into a more balanced environment. Buyers gain options and negotiating room, while sellers must lean into pricing strategy, property condition, and marketing to stand out. Even with rising supply, the market remains healthy—and strategically navigable—from both sides.

Thinking About Buying or Selling?

Whether you're relocating, upsizing, downsizing, or navigating a complex sale, I help clients make smart, data-driven decisions with confidence.

• Schedule your personalized market strategy today
• Get my  Luxury Home Buyer's Guide
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• Start your home search

Just tell me what you'd like next, and I’ll take care of the rest.