Nearly 29% of Phoenix-area listings took a price cut in September 2026, yet South Phoenix buyers are still writing contracts, and priced-right homes are moving fast.
By Vanessa Aragon85042
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Market Update
Market updates
One letter a month for each market I follow, with the numbers behind it.
By Vanessa AragonMore homes hit the market this summer, and buyers showed up anyway. Here is what that means if you own a home here.
By Vanessa AragonMedian asking rent
Phoenix-Mesa-Chandler, Realtor.com
Year-over-year rent change
Phoenix-Mesa-Chandler, Realtor.com
Rental communities offering year-long concessions
Phoenix, AZ, Realtor.com
Fresh homes are coming to market, but not fast enough to loosen the supply that sellers and buyers both feel.
By Vanessa AragonHomes sold
Up 0.9% from a year ago
New listings
Up 4.8% from a year ago
Pending sales
Down 7.2% from a year ago
The Real Estate Data Aggregator counted 1,570 homes for sale across the Primary market in the three months ending August 31, 2026, down 8.1% from a year ago, even as new listings rose 1% to 1,379.
By Vanessa AragonHomes for sale
Down 8.1% from a year ago
New listings
Up 1% from a year ago
Homes sold
Up 2.5% from a year ago
New listings across Secondary Market rose 8.5% from a year ago, meaning sellers now face more competition for buyers' attention.
By Vanessa AragonNew listings
up 8.5% from a year ago
Homes for sale
up 3.1% from a year ago
Homes sold
up 2% from a year ago
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