Phoenix Housing Market Update – February 2026 Trends, Prices & Forecast

If you’re planning to buy or sell a home in Phoenix, understanding the latest real estate statistics is critical. The February 2026 housing data reveals shifts in inventory, pricing, demand, and market speed that could directly impact your strategy.

Here’s a breakdown of what’s happening right now and what it means for you.

Phoenix Market Snapshot (February 2026)

• Active Listings: 29,341 ⬆️

• Pending Listings: 4,881 ⬆️

• Under Contract: 8,720 ⬆️

• Median Price: $450,000 ⬆️

• Average Price: $646,507 ⬆️

• Price Per Sq Ft: $315.04 ⬆️

• Days on Market (Sales): 89 ⬇️

• Months of Supply: 4.4 ⬇️

• Listing Success Rate: 73% ⬆️

 What These Numbers Mean

1. Inventory Is Rising — More Options for Buyers

With active listings increasing, buyers now have more homes to choose from, which means less competition than peak seller-market years.

2. Homes Are Selling Faster

Days on market dropped from 92 to 89, signaling continued buyer demand and strong absorption rates.

3. Prices Are Still Climbing

Both median and average home prices increased month-over-month, confirming that Phoenix home values remain strong despite inventory growth.

4. Market Balance Is Improving

Months of supply fell to 4.4, placing Phoenix closer to a balanced market rather than an extreme seller’s market.

Market Index Insight

The Cromford Market Index sits at 83.3, indicating a slightly buyer-leaning but stabilizing market. This suggests:

• Buyers have negotiating power

• Sellers must price strategically

• Well-presented homes still sell quickly

Expert Interpretation

Is now a good time to buy in Phoenix?
Yes — buyers benefit from more inventory and slightly less competition while prices are still appreciating.

Is now a good time to sell?
Also yes — prices are rising, homes are selling, and serious buyers remain active.

Market Forecast

If trends continue:

• Inventory will gradually stabilize

• Prices will continue modest appreciation

• Negotiation flexibility will increase

 Want a personalized market strategy based on your exact neighborhood and price range?
👉 Contact me today for a custom home value or buyer strategy report: [email protected]